Capricorn Energy (LON:CNE) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Capricorn Energy PLC (LON:CNE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 211.98 and traded as high as GBX 271. Capricorn Energy shares last traded at GBX 264, with a volume of 34,454 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and set a GBX 310 price objective on shares of Capricorn Energy in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 369.33.

Capricorn Energy Stock Up 0.4%

The company has a market cap of £181.76 million, a P/E ratio of 88.33, a P/E/G ratio of -1.92 and a beta of 1.35. The stock has a 50-day moving average of GBX 230.22 and a two-hundred day moving average of GBX 211.98. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56.

About Capricorn Energy

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