Capricorn Energy (LON:CNE) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Capricorn Energy PLC (LON:CNE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 207.13 and traded as high as GBX 227.18. Capricorn Energy shares last traded at GBX 226.50, with a volume of 52,558 shares.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and set a GBX 310 target price on shares of Capricorn Energy in a report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Stock Up 0.9%

The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The firm has a market capitalization of £155.35 million, a PE ratio of 75.50, a PEG ratio of -1.92 and a beta of 1.35. The company’s 50 day simple moving average is GBX 201.01 and its 200-day simple moving average is GBX 207.13.

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