Capricorn Energy (LON:CNE – Get Rating) was upgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a report released on Wednesday, Marketbeat Ratings reports. The brokerage presently has a GBX 243 ($2.98) target price on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.41% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the company. Barclays increased their price objective on Capricorn Energy from GBX 245 ($3.00) to GBX 285 ($3.49) and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Berenberg Bank increased their target price on Capricorn Energy from GBX 215 ($2.63) to GBX 225 ($2.76) and gave the company a “hold” rating in a research note on Friday, June 10th. Finally, Canaccord Genuity Group increased their target price on Capricorn Energy from GBX 235 ($2.88) to GBX 260 ($3.18) and gave the company a “speculative buy” rating in a research note on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 227.57 ($2.79).
Shares of CNE stock opened at GBX 212.40 ($2.60) on Wednesday. The company has a debt-to-equity ratio of 10.05, a quick ratio of 8.61 and a current ratio of 8.71. Capricorn Energy has a 52-week low of GBX 122 ($1.49) and a 52-week high of GBX 238.80 ($2.93). The company has a market capitalization of £675.94 million and a PE ratio of 1.49. The business’s fifty day moving average is GBX 206.33 and its 200 day moving average is GBX 202.71.
Capricorn Energy Company Profile (Get Rating)
Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.
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