Capricorn Energy (LON:CNE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 209.99 and traded as high as GBX 261. Capricorn Energy shares last traded at GBX 261, with a volume of 48,403 shares traded.

Analyst Ratings Changes

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

Capricorn Energy Stock Performance

The stock has a market cap of £179.01 million, a price-to-earnings ratio of 87.00, a P/E/G 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 firm has a fifty day simple moving average of GBX 221.66 and a 200-day simple moving average of GBX 209.99.

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