Capricorn Energy (LON:CNE) Receives "Buy" Rating from Peel Hunt

Key Points

• Capricorn Energy received a "buy" rating from Peel Hunt, with a price target of GBX 310, indicating a potential upside of 41.23% from its previous close.
• The stock has a consensus rating of "Buy" from multiple analysts, with a current average price target also at GBX 310.
• Trading at GBX 219.50, Capricorn Energy recently saw an 8.9% increase, with market capitalization of £150.55 million.

Peel Hunt reiterated their buy rating on shares of Capricorn Energy (LON:CNE - Free Report) in a research note issued to investors on Thursday morning, Marketbeat reports. Peel Hunt currently has a GBX 310 price target on the oil and gas development company's stock.

A number of other analysts also recently issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and set a GBX 360 price target on shares of Capricorn Energy in a report on Wednesday, July 23rd. Shore Capital reissued a "buy" rating on shares of Capricorn Energy in a research note on Wednesday, September 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 310.

Capricorn Energy Trading Down 5.5%

Capricorn Energy stock traded down GBX 12 during trading hours on Thursday, reaching GBX 207.50. 191,856 shares of the company's stock were exchanged, compared to its average volume of 66,157. 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 market capitalization of £142.32 million, a PE ratio of 1,482.14, a PEG ratio of -1.92 and a beta of 1.35. The firm's 50 day simple moving average is GBX 216.63 and its 200 day simple moving average is GBX 225.91. Capricorn Energy has a twelve month low of GBX 185.48 and a twelve month high of GBX 341.77.

Capricorn Energy Company Profile

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