Capricorn Energy (LON:CNE) Stock Price Up 9.8% – Still a Buy?

Capricorn Energy PLC (LON:CNE)’s stock price rose 9.8% during trading on Monday . The company traded as high as GBX 305 and last traded at GBX 302.48. Approximately 949,587 shares traded hands during mid-day trading, an increase of 449% from the average daily volume of 172,813 shares. The stock had previously closed at GBX 275.50.

Wall Street Analyst Weigh In

CNE has been the subject of several recent research reports. Shore Capital Group reissued a “buy” rating on shares of Capricorn Energy in a research note on Friday. Peel Hunt reiterated a “buy” rating and issued a GBX 310 price objective on shares of Capricorn Energy in a report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Price Performance

The company has a quick ratio of 6.29, a current ratio of 2.44 and a debt-to-equity ratio of 4.29. The firm’s fifty day moving average price is GBX 256.20 and its 200-day moving average price is GBX 220.09. The stock has a market cap of £209.88 million, a P/E ratio of 102.00, a PEG ratio of -1.92 and a beta of 0.49.

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