Capricorn Energy PLC (LON:CNE – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 208.61 ($2.56) and traded as high as GBX 219.80 ($2.69). Capricorn Energy shares last traded at GBX 218.40 ($2.68), with a volume of 279,516 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Capricorn Energy from GBX 245 ($3.00) to GBX 285 ($3.49) and gave the company an “overweight” rating in a research report on Wednesday, April 6th. Berenberg Bank upped their price target on Capricorn Energy from GBX 215 ($2.63) to GBX 225 ($2.76) and gave the company a “hold” rating in a research report on Friday, June 10th. Canaccord Genuity Group upped their price target on Capricorn Energy from GBX 235 ($2.88) to GBX 260 ($3.19) and gave the company a “speculative buy” rating in a research report on Thursday, April 7th. Finally, JPMorgan Chase & Co. upped their price target on Capricorn Energy from GBX 243 ($2.98) to GBX 245 ($3.00) and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 227.86 ($2.79).
Capricorn Energy Stock Up 0.6 %
The company has a market capitalization of £688.40 million and a PE ratio of 151.67. The company has a quick ratio of 8.61, a current ratio of 8.71 and a debt-to-equity ratio of 10.05. The firm has a 50-day moving average of GBX 214.19 and a two-hundred day moving average of GBX 208.61.
About Capricorn Energy
Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.
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