Capricorn Energy (LON:CNE) Share Price Crosses Above 200 Day Moving Average of $151.04

Shares of Capricorn Energy PLC (LON:CNE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 151.04 ($1.87) and traded as high as GBX 172.21 ($2.13). Capricorn Energy shares last traded at GBX 169.20 ($2.09), with a volume of 92,291 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on Capricorn Energy from GBX 160 ($1.98) to GBX 175 ($2.16) and gave the company a “hold” rating in a research report on Thursday, April 4th.

Capricorn Energy Trading Up 0.5 %

The firm has a market cap of £156.40 million, a PE ratio of -153.82, a P/E/G ratio of -1.92 and a beta of 1.28. The company has a current ratio of 4.17, a quick ratio of 6.29 and a debt-to-equity ratio of 24.12. The business has a fifty day moving average price of GBX 144.82 and a 200 day moving average price of GBX 151.04.

Capricorn Energy Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be issued a GBX 43 ($0.53) dividend. The ex-dividend date is Friday, May 24th. This represents a dividend yield of 25.97%.

About Capricorn Energy

Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.