Capricorn Energy’s (CNE) Buy Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Capricorn Energy (LON:CNE) in a research report report published on Thursday, MarketBeat reports.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 285 ($3.79) price objective on shares of Capricorn Energy in a research note on Thursday.

Capricorn Energy Stock Performance

Shares of Capricorn Energy stock opened at GBX 239 ($3.18) on Thursday. The business has a 50-day simple moving average of GBX 231.87 and a 200-day simple moving average of GBX 257.98. The company has a market cap of £211.18 million, a PE ratio of -2.37, a P/E/G ratio of -1.92 and a beta of 1.35. Capricorn Energy has a one year low of GBX 166 ($2.21) and a one year high of GBX 341.77 ($4.55). The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56.

Insider Buying and Selling

In other news, insider Sachin Mistry acquired 26,331 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of GBX 194 ($2.58) per share, for a total transaction of £51,082.14 ($67,955.49). Corporate insiders own 1.01% of the company’s stock.

About Capricorn Energy

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com