Capricorn Energy Stock Set to Reverse Split on Tuesday, May 30th (OTCMKTS:CRNCY)

Shares of Capricorn Energy PLC (OTCMKTS:CRNCY – Get Rating) are scheduled to reverse split on Tuesday, May 30th. The 33-70 reverse split was announced on Tuesday, May 30th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 30th.

Capricorn Energy Trading Down 4.0 %

CRNCY stock opened at $4.80 on Monday. The firm has a fifty day moving average price of $5.92 and a two-hundred day moving average price of $6.02. Capricorn Energy has a 1-year low of $4.60 and a 1-year high of $6.41.

Capricorn Energy Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Monday, May 15th will be issued a $2.8298 dividend. This represents a yield of 44.29%. The ex-dividend date of this dividend is Friday, May 12th.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRNCY. JPMorgan Chase & Co. began coverage on Capricorn Energy in a report on Friday, March 24th. They set a “neutral” rating on the stock. Barclays cut their price objective on Capricorn Energy from GBX 295 ($3.70) to GBX 285 ($3.57) in a report on Wednesday, April 19th.

About Capricorn Energy

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Capricorn Energy Plc engages in the exploration, development, production of oil and gas properties. It operates through the following segments: Senegal, UK (United Kingdom) & Norway and International. The Senegal segment focuses to have a government-approved exploitation plan. The UK & Norway segment includes exploration activities in the North Sea, Norwegian Sea, and Barents Sea as well as management of the group’s producing assets in the UK North Sea.