Capricorn Energy (LON:CNE) Earns “Buy” Rating from Peel Hunt

Capricorn Energy (LON:CNE)‘s stock had its “buy” rating reissued by Peel Hunt in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 310 price target on the oil and gas development company’s stock. Peel Hunt’s price target suggests a potential upside of 40.59% from the stock’s current price.

Several other brokerages also recently weighed in on CNE. Shore Capital reissued a “buy” rating and issued a GBX 438 target price on shares of Capricorn Energy in a research note on Monday, September 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 360 price target on shares of Capricorn Energy in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Price Performance

LON:CNE traded down GBX 3.50 during trading hours on Thursday, reaching GBX 220.50. 508,499 shares of the company traded hands, compared to its average volume of 285,023. Capricorn Energy has a 1-year low of GBX 181.80 and a 1-year high of GBX 341.77. The stock has a market cap of £151.24 million, a P/E ratio of 73.50, a P/E/G ratio of -1.92 and a beta of 1.35. The firm’s 50-day moving average is GBX 194.93 and its 200-day moving average is GBX 207.44. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29.

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