Capricorn Energy (LON:CNE) Shares Pass Above 200-Day Moving Average of $158.85

Capricorn Energy PLC (LON:CNE)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 158.85 ($2.01) and traded as high as GBX 184.50 ($2.33). Capricorn Energy shares last traded at GBX 184.50 ($2.33), with a volume of 201,855 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded Capricorn Energy to a “speculative buy” rating and raised their price objective for the stock from GBX 185 ($2.34) to GBX 240 ($3.04) in a research note on Tuesday, June 18th.

Capricorn Energy Stock Performance

The stock has a fifty day simple moving average of GBX 179.14 and a two-hundred day simple moving average of GBX 158.85. The stock has a market cap of £132.40 million, a price-to-earnings ratio of -249.32, a P/E/G ratio of -1.92 and a beta of 1.34. The company has a debt-to-equity ratio of 29.32, a quick ratio of 6.29 and a current ratio of 3.14.

Capricorn Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a GBX 43 ($0.54) dividend. This represents a dividend yield of 25.97%. The ex-dividend date of this dividend was Friday, May 24th.

Capricorn Energy Company Profile

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.