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

Shares of Capricorn Energy PLC (LON:CNE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 207.47 and traded as high as GBX 256.28. Capricorn Energy shares last traded at GBX 255.50, with a volume of 225,138 shares.

Wall Street Analyst Weigh In

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

Capricorn Energy Price Performance

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 stock’s 50 day simple moving average is GBX 206.46 and its two-hundred day simple moving average is GBX 207.47. The firm has a market capitalization of £175.24 million, a PE ratio of 85.17, a price-to-earnings-growth 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