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

Capricorn Energy PLC (LON:CNE)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 243.50 ($3.08) and last traded at GBX 243.50 ($3.08), with a volume of 32990 shares traded. The stock had previously closed at GBX 229.50 ($2.90).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 260 ($3.29) price target on shares of Capricorn Energy in a research note on Tuesday, September 24th.

Capricorn Energy Stock Performance

The company has a quick ratio of 6.29, a current ratio of 2.56 and a debt-to-equity ratio of 32.44. The firm has a 50 day moving average of GBX 212.39 and a 200-day moving average of GBX 200.49. The company has a market cap of £170.28 million, a P/E ratio of -566.28, a PEG 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.