Capricorn Energy (LON:CNE) Reaches New 12-Month High – Time to Buy?

Posted by Scott Moore on Dec 16th, 2024

Capricorn Energy PLC (LON:CNE – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 285 ($3.60) and last traded at GBX 280 ($3.54), with a volume of 88170 shares. The stock had previously closed at GBX 271.50 ($3.43).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 260 ($3.28) price objective on shares of Capricorn Energy in a report on Tuesday, September 24th.

Get Our Latest Analysis on CNE

Capricorn Energy Stock Performance

The stock has a market cap of £195.80 million, a PE ratio of -631.40, a P/E/G ratio of -1.92 and a beta of 1.35. The company has a fifty day moving average price of GBX 223.79 and a 200 day moving average price of GBX 207.29. The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44.

Capricorn Energy Company Profile

(Get Free Report)

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.