Capricorn Energy (LON:CNE) Share Price Crosses Above Two Hundred Day Moving Average of $183.71

Capricorn Energy PLC (LON:CNE)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 183.71 ($2.43) and traded as high as GBX 232.50 ($3.07). Capricorn Energy shares last traded at GBX 225 ($2.97), with a volume of 121,969 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on shares of Capricorn Energy from GBX 240 ($3.17) to GBX 260 ($3.43) and gave the stock a “speculative buy” rating in a research report on Wednesday, July 10th.

Capricorn Energy Price Performance

The business has a 50-day simple moving average of GBX 209.89 and a two-hundred day simple moving average of GBX 183.71. The company has a quick ratio of 6.29, a current ratio of 3.14 and a debt-to-equity ratio of 29.32. The stock has a market capitalization of £157.84 million, a price-to-earnings ratio of -312.50, a P/E/G ratio of -1.92 and a beta of 1.35.

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.