Capricorn Energy (LON:CNE) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Capricorn Energy PLC (LON:CNE)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 285.23 and traded as high as GBX 350. Capricorn Energy shares last traded at GBX 345, with a volume of 77,226 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “buy” rating on shares of Capricorn Energy in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Stock Performance

The stock’s 50-day moving average price is GBX 320.99 and its 200-day moving average price is GBX 285.23. The company has a debt-to-equity ratio of 12.32, a quick ratio of 6.29 and a current ratio of 2.44. The company has a market capitalization of £236.90 million, a price-to-earnings ratio of 13.27, a P/E/G ratio of -1.92 and a beta of 0.27.

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