Capricorn Energy (LON:CNE) Reaches New 1-Year High – Should You Buy?

Capricorn Energy PLC (LON:CNE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 338 and last traded at GBX 331, with a volume of 195436 shares trading hands. The stock had previously closed at GBX 317.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “buy” rating on shares of Capricorn Energy in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Capricorn Energy currently has an average rating of “Buy” and an average price target of GBX 369.33.

Capricorn Energy Stock Performance

The company has a debt-to-equity ratio of 12.32, a current ratio of 2.44 and a quick ratio of 6.29. The company’s 50-day moving average price is GBX 314.96 and its two-hundred day moving average price is GBX 258.79. The company has a market capitalization of £227.28 million, a price-to-earnings ratio of 12.73, a PEG ratio of -1.92 and a beta of 0.28.

Capricorn Energy Company Profile

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