Capricorn Energy (LON:CNE) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Capricorn Energy PLC (LON:CNE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 246.67 and traded as high as GBX 327. Capricorn Energy shares last traded at GBX 323, with a volume of 138,102 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “buy” rating on shares of Capricorn Energy in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 369.33.

Capricorn Energy Stock Performance

The firm has a market cap of £222.48 million, a P/E ratio of 12.46, a P/E/G ratio of -1.92 and a beta of 0.27. The company has a debt-to-equity ratio of 12.32, a quick ratio of 6.29 and a current ratio of 2.44. The company’s 50 day moving average is GBX 302.40 and its 200 day moving average is GBX 248.38.

Capricorn Energy Company Profile

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com