Capricorn Energy (LON:CNE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 272.73 and traded as high as GBX 298. Capricorn Energy shares last traded at GBX 288, with a volume of 94,507 shares.

Analyst Ratings Changes

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

Capricorn Energy Stock Performance

The firm’s 50 day moving average price is GBX 311.51 and its 200-day moving average price is GBX 272.73. 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 firm has a market capitalization of £197.76 million, a PE ratio of 11.08, a price-to-earnings-growth ratio of -1.92 and a beta of 0.28.

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