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

Capricorn Energy PLC (LON:CNE)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 249 ($3.18) and last traded at GBX 249 ($3.18), with a volume of 87774 shares trading hands. The stock had previously closed at GBX 239.50 ($3.06).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 260 ($3.32) target price on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Stock Performance

The firm has a market capitalization of £176.92 million, a P/E ratio of -558.14, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 32.44, a current ratio of 2.56 and a quick ratio of 6.29. The firm has a 50-day moving average price of GBX 220.01 and a two-hundred day moving average price of GBX 205.85.

About Capricorn Energy

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.