Capricorn Energy (LON:CNE) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Capricorn Energy PLC (LON:CNE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 217.89 ($2.90) and traded as high as GBX 222.67 ($2.96). Capricorn Energy shares last traded at GBX 211.50 ($2.82), with a volume of 264,990 shares traded.

Analyst Ratings Changes

CNE has been the topic of a number of research analyst reports. Shore Capital reiterated a “buy” rating and issued a GBX 438 target price on shares of Capricorn Energy in a research report on Monday, September 22nd. Peel Hunt reiterated a “buy” rating and issued a GBX 310 target price on shares of Capricorn Energy in a research report on Thursday, September 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 360 target price on shares of Capricorn Energy in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Capricorn Energy currently has a consensus rating of “Buy” and an average price target of GBX 369.33.

Capricorn Energy Stock Up 11.3%

The company has a 50 day simple moving average of GBX 206.21 and a two-hundred day simple moving average of GBX 217.89. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The company has a market capitalization of £145.06 million, a P/E ratio of 70.50, a PEG ratio of -1.92 and a beta of 1.35.

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