Capricorn Energy (LON:CNE) Shares Cross Above Two Hundred Day Moving Average of $152.00

Shares of Capricorn Energy PLC (LON:CNE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 152 ($1.92) and traded as high as GBX 173.20 ($2.19). Capricorn Energy shares last traded at GBX 169.80 ($2.15), with a volume of 110,724 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their target price on Capricorn Energy from GBX 160 ($2.03) to GBX 175 ($2.21) and gave the company a “hold” rating in a report on Thursday, April 4th.

Capricorn Energy Trading Down 1.5 %

The stock has a market cap of £156.22 million, a P/E ratio of -154.36, a P/E/G ratio of -1.92 and a beta of 1.28. The company has a debt-to-equity ratio of 24.12, a quick ratio of 6.29 and a current ratio of 4.17. The stock has a 50-day moving average price of GBX 138.61 and a 200-day moving average price of GBX 152.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.