Capricorn Energy (LON:CNE) Earns Speculative Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Capricorn Energy (LON:CNE) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a GBX 260 ($3.48) target price on the oil and gas development company’s stock.

Capricorn Energy Price Performance

CNE stock opened at GBX 198.63 ($2.66) on Tuesday. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The firm has a market capitalization of £139.12 million, a P/E ratio of -472.93, a P/E/G ratio of -1.92 and a beta of 1.35. The business’s 50-day moving average is GBX 211.32 and its two-hundred day moving average is GBX 187.06. Capricorn Energy has a 1 year low of GBX 109.20 ($1.46) and a 1 year high of GBX 237.50 ($3.18).

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.