Capricorn Energy (LON:CNE) Share Price Crosses Above 200 Day Moving Average of $151.04

Capricorn Energy PLC (LON:CNE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 151.04 ($1.87) and traded as high as GBX 172.21 ($2.13). Capricorn Energy shares last traded at GBX 169.20 ($2.09), with a volume of 92,291 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on shares of Capricorn Energy from GBX 160 ($1.98) to GBX 175 ($2.16) and gave the company a “hold” rating in a report on Thursday, April 4th.

Capricorn Energy Price Performance

The firm’s 50-day moving average is GBX 144.82 and its 200-day moving average is GBX 151.04. The company has a debt-to-equity ratio of 24.12, a current ratio of 4.17 and a quick ratio of 6.29. The company has a market capitalization of £156.40 million, a P/E ratio of -153.82, a price-to-earnings-growth ratio of -1.92 and a beta of 1.28.

Capricorn Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of GBX 43 ($0.53) per share. The ex-dividend date is Friday, May 24th. This represents a yield of 25.97%.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.