Capricorn Energy (LON:CNE) Given Buy Rating at Canaccord Genuity Group

Key Points

• Capricorn Energy's stock has been given a "buy" rating by Canaccord Genuity Group, with a price target of GBX 360, indicating a potential upside of 64.01% from its current price.
• The stock has experienced an 8.9% increase recently and has an average target price of GBX 310, with four analysts rating it a buy.
• Capricorn Energy is focused on cash flow and operates in the Egyptian Western Desert, reflecting its status as a cash flow-oriented energy producer.

Capricorn Energy (LON:CNE - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Canaccord Genuity Group in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 360 price objective on the oil and gas development company's stock. Canaccord Genuity Group's price target indicates a potential upside of 73.49% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Peel Hunt reiterated a "buy" rating and issued a GBX 310 price objective on shares of Capricorn Energy in a research note on Thursday. Shore Capital restated a "buy" rating on shares of Capricorn Energy in a research note on Wednesday, September 10th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 310.

Capricorn Energy Stock Down 5.5%

LON:CNE traded down GBX 12 during midday trading on Thursday, reaching GBX 207.50. The company had a trading volume of 191,856 shares, compared to its average volume of 66,157. The stock's fifty day simple moving average is GBX 216.63 and its 200-day simple moving average is GBX 225.91. The firm has a market capitalization of £142.32 million, a price-to-earnings ratio of 1,482.14, a PEG ratio of -1.92 and a beta of 1.35. The company has a current ratio of 2.56, a quick ratio of 6.29 and a debt-to-equity ratio of 32.44. Capricorn Energy has a 12-month low of GBX 185.48 and a 12-month high of GBX 341.77.

About Capricorn Energy

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert. Capricorn is headquartered in Edinburgh, Scotland. For further information please see: www.capricornenergy.com