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

Capricorn Energy PLC (LON:CNE)’s share price hit a new 52-week high during trading on Thursday . The company 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 restated a “speculative buy” rating and issued a GBX 260 ($3.26) price target on shares of Capricorn Energy in a report on Tuesday, September 24th.

Capricorn Energy Stock Performance

The firm has a fifty day moving average price of GBX 212.91 and a 200 day moving average price of GBX 201.02. The company has a debt-to-equity ratio of 32.44, a quick ratio of 6.29 and a current ratio of 2.56. The stock has a market cap 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.