Capricorn Energy (LON:CNE) Stock Price Up 19.8% – Still a Buy?

Capricorn Energy PLC (LON:CNE) traded up 19.8% on Thursday . The stock traded as high as GBX 353 and last traded at GBX 345. 1,573,254 shares traded hands during trading, an increase of 385% from the average session volume of 324,094 shares. The stock had previously closed at GBX 288.

Analysts Set New Price Targets

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

Capricorn Energy Stock Up 0.3%

The firm has a market cap of £237.58 million, a P/E ratio of 13.31, a price-to-earnings-growth ratio of -1.92 and a beta of 0.28. The company’s 50-day simple moving average is GBX 312.91 and its 200 day simple moving average is GBX 274.31. The company has a debt-to-equity ratio of 12.32, a current ratio of 2.44 and a quick ratio of 6.29.

About Capricorn Energy

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