Capricorn Energy (LON:CNE) Hits New 12-Month High – What’s Next?

Capricorn Energy PLC (LON:CNE)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 245.50 ($3.11) and last traded at GBX 245.50 ($3.11), with a volume of 23081 shares changing hands. The stock had previously closed at GBX 244 ($3.09).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.29) target price on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The company has a market cap of £171.68 million, a PE ratio of -550.00, a PEG ratio of -1.92 and a beta of 1.35. The business’s 50-day moving average is GBX 216.02 and its 200 day moving average is GBX 204.

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.