Capricorn Energy (LON:CNE) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 208.50 and traded as high as GBX 257.90. Capricorn Energy shares last traded at GBX 256, with a volume of 61,865 shares.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 310 price target on shares of Capricorn Energy in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 369.33.

Capricorn Energy Trading Down 0.2%

The firm has a market cap of £175.59 million, a P/E ratio of 85.33, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. The company’s fifty day moving average price is GBX 213.90 and its two-hundred day moving average price is GBX 208.50.

Capricorn Energy Company Profile

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com