Capricorn Energy (LON:CNE) Share Price Crosses Above Two Hundred Day Moving Average of $240.12

Capricorn Energy PLC (LON:CNE – Get Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 240.12 ($2.97) and traded as high as GBX 245.51 ($3.04). Capricorn Energy shares last traded at GBX 244.80 ($3.03), with a volume of 468,083 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on shares of Capricorn Energy from GBX 225 ($2.79) to GBX 250 ($3.10) and gave the company a “hold” rating in a report on Friday, September 30th.

Capricorn Energy Trading Up 0.4 %

The company has a debt-to-equity ratio of 13.45, a quick ratio of 6.29 and a current ratio of 6.39. The firm’s fifty day simple moving average is GBX 248.85 and its 200-day simple moving average is GBX 240.12. The stock has a market cap of £774.76 million and a P/E ratio of 176.12.

Capricorn Energy Company Profile

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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.