Capricorn Energy (LON:CNE) Share Price Passes Above Two Hundred Day Moving Average of $179.92

Capricorn Energy PLC (LON:CNE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 179.92 ($2.35) and traded as high as GBX 219.19 ($2.87). Capricorn Energy shares last traded at GBX 208 ($2.72), with a volume of 44,071 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their target price on shares of Capricorn Energy from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the company a “speculative buy” rating in a report on Wednesday, July 10th.

Capricorn Energy Stock Up 0.7 %

The firm has a 50 day simple moving average of GBX 206.88 and a two-hundred day simple moving average of GBX 180.29. The stock has a market capitalization of £144.67 million, a P/E ratio of -283.00, a PEG ratio of -1.92 and a beta of 1.35. The company has a quick ratio of 6.29, a current ratio of 3.14 and a debt-to-equity ratio of 29.32.

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.