Capricorn Energy (LON:CNE) Sets New 12-Month High – Here’s Why

Shares of Capricorn Energy PLC (LON:CNE) hit a new 52-week high on Monday . The company traded as high as GBX 249 ($3.18) and last traded at GBX 249 ($3.18), with a volume of 87774 shares trading hands. The stock had previously closed at GBX 239.50 ($3.06).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 260 ($3.32) target price on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Stock Up 5.4 %

The company’s fifty day simple moving average is GBX 220.01 and its 200-day simple moving average is GBX 205.85. The firm has a market capitalization of £176.92 million, a PE ratio of -558.14, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29.

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.