Shares of Capricorn Energy PLC (LON:CNE - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 188.40 ($2.52) and traded as high as GBX 200 ($2.68). Capricorn Energy shares last traded at GBX 199.20 ($2.66), with a volume of 50,205 shares changing hands.
Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 260 ($3.48) price objective on shares of Capricorn Energy in a research report on Tuesday, September 24th.
Read Our Latest Stock Analysis on Capricorn Energy
The stock has a market capitalization of £139.52 million, a PE ratio of -474.29, 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 stock's fifty day moving average is GBX 211.58 and its 200-day moving average is GBX 188.40.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Capricorn Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capricorn Energy wasn't on the list.
While Capricorn Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.