Capricorn Energy (LON:CNE) Share Price Passes Above 200 Day Moving Average of $151.01

Capricorn Energy PLC (LON:CNE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 151.01 ($1.90) and traded as high as GBX 168.88 ($2.12). Capricorn Energy shares last traded at GBX 161.80 ($2.03), with a volume of 251,732 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on Capricorn Energy from GBX 160 ($2.01) to GBX 175 ($2.20) and gave the stock a “hold” rating in a report on Thursday, April 4th.

Capricorn Energy Trading Up 4.3 %

The business has a 50 day simple moving average of GBX 153 and a 200-day simple moving average of GBX 151.04. The company has a debt-to-equity ratio of 24.12, a quick ratio of 6.29 and a current ratio of 4.17. The stock has a market capitalization of £155.30 million, a P/E ratio of -153.45, a price-to-earnings-growth ratio of -1.92 and a beta of 1.28.

Capricorn Energy Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a dividend of GBX 43 ($0.54) per share. This represents a yield of 25.97%. The ex-dividend date of this dividend is Friday, May 24th.

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.