Capricorn Energy (LON:CNE) Sets New 52-Week High – What’s Next?

Capricorn Energy PLC (LON:CNE)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 295.50 ($3.71) and last traded at GBX 295.50 ($3.71), with a volume of 33627 shares. The stock had previously closed at GBX 279.50 ($3.51).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 ($3.27) price objective on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Trading Up 5.7 %

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 firm has a market cap of £206.64 million, a P/E ratio of -687.21, a P/E/G ratio of -1.92 and a beta of 1.35. The company’s 50 day simple moving average is GBX 230.78 and its 200-day simple moving average is GBX 210.59.

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.