Capricorn Energy PLC Announces Dividend of GBX 43 (LON:CNE)

Capricorn Energy PLC (LON:CNE) announced a dividend on Wednesday, April 17th, Upcoming.Co.Uk reports. Investors of record on Friday, May 24th will be paid a dividend of GBX 43 ($0.55) per share by the oil and gas development company on Friday, June 7th. This represents a yield of 25.97%. The ex-dividend date of this dividend is Friday, May 24th. The official announcement can be viewed at this link.

Capricorn Energy Stock Performance

Shares of Capricorn Energy stock opened at GBX 192.54 ($2.45) on Thursday. Capricorn Energy has a one year low of GBX 109.20 ($1.39) and a one year high of GBX 205.20 ($2.61). The firm has a market capitalization of £177.02 million, a price-to-earnings ratio of -330.51, a PEG ratio of -1.92 and a beta of 1.34. The business has a 50-day simple moving average of GBX 169.06 and a 200 day simple moving average of GBX 152.73. The company has a debt-to-equity ratio of 29.32, a current ratio of 3.14 and a quick ratio of 6.29.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on Capricorn Energy from GBX 160 ($2.03) to GBX 175 ($2.22) and gave the company a “hold” rating in a research report on Thursday, April 4th.

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.