Capricorn Energy (LON:CNE) Reaches New 52-Week High – Time to Buy?

Capricorn Energy PLC (LON:CNE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 285 ($3.58) and last traded at GBX 280 ($3.52), with a volume of 88170 shares traded. The stock had previously closed at GBX 271.50 ($3.41).

Wall Street Analysts Forecast Growth

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

Capricorn Energy Trading Up 1.8 %

The company has a market capitalization of £199.30 million, a price-to-earnings ratio of -662.79, a P/E/G ratio of -1.92 and a beta of 1.35. 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 business’s 50 day moving average price is GBX 226.74 and its two-hundred day moving average price is GBX 208.56.

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.