Capricorn Energy (LON:CNE) Hits New 52-Week High – Should You Buy?

Capricorn Energy PLC (LON:CNE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 249 ($3.17) and last traded at GBX 249 ($3.17), with a volume of 87774 shares. The stock had previously closed at GBX 239.50 ($3.05).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 260 ($3.31) target price on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The firm has a fifty day moving average price of GBX 219.06 and a 200 day moving average price of GBX 205.54. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. The firm has a market cap of £174.13 million, a PE ratio of -556.98, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35.

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.