Capricorn Energy (LON:CNE) Stock Crosses Above 200 Day Moving Average of $245.66

Capricorn Energy PLC (LON:CNE – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 245.66 ($2.99) and traded as high as GBX 249.40 ($3.04). Capricorn Energy shares last traded at GBX 247.80 ($3.02), with a volume of 850,788 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Peel Hunt reaffirmed an “under review” rating on shares of Capricorn Energy in a research report on Tuesday, March 7th. Barclays upped their target price on shares of Capricorn Energy from GBX 275 ($3.35) to GBX 295 ($3.60) and gave the company an “equal weight” rating in a research note on Monday, March 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 265 ($3.23).

Capricorn Energy Stock Up 1.7 %

The firm’s 50 day simple moving average is GBX 245.52 and its 200 day simple moving average is GBX 245.66. The company has a quick ratio of 6.29, a current ratio of 6.39 and a debt-to-equity ratio of 13.45. The company has a market cap of £780.74 million, a price-to-earnings ratio of 173.29, a price-to-earnings-growth ratio of -1.92 and a beta of 1.27.

Capricorn Energy Company Profile

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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.