Capricorn Energy (LON:CNE) Reaches New 52-Week High – Here’s What Happened

Capricorn Energy PLC (LON:CNE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 243.50 ($3.05) and last traded at GBX 243.50 ($3.05), with a volume of 32990 shares. The stock had previously closed at GBX 229.50 ($2.88).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 ($3.26) target price on shares of Capricorn Energy in a research report on Tuesday, September 24th.

Capricorn Energy Trading Down 1.4 %

The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The stock’s 50 day moving average is GBX 212.91 and its two-hundred day moving average is GBX 201.02. The company has a market capitalization of £167.83 million, a PE ratio of -558.14, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35.

Capricorn Energy Company Profile

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.