Capricorn Energy (LON:CNE) Trading Up 5.3% – Time to Buy?

Capricorn Energy PLC (LON:CNE) traded up 5.3% on Friday . The stock traded as high as GBX 222.67 ($2.96) and last traded at GBX 200 ($2.66). 255,490 shares were traded during trading, an increase of 245% from the average session volume of 74,126 shares. The stock had previously closed at GBX 190 ($2.53).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Shore Capital reaffirmed a “buy” rating and issued a GBX 438 price target on shares of Capricorn Energy in a report on Monday, September 22nd. Canaccord Genuity Group restated a “buy” rating and issued a GBX 360 target price on shares of Capricorn Energy in a report on Thursday, September 18th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 310 target price on shares of Capricorn Energy in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 369.33.

Capricorn Energy Price Performance

The company has a fifty day moving average price of GBX 206.21 and a two-hundred day moving average price of GBX 217.80. The firm has a market capitalization of £145.06 million, a price-to-earnings ratio of 70.50, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44.

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