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Capricorn Energy (LON:CNE) Shares Pass Above 200-Day Moving Average - Should You Sell?

Capricorn Energy logo with Energy background
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Capricorn Energy PLC (LON:CNE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 237.55 and traded as high as GBX 313. Capricorn Energy shares last traded at GBX 309, with a volume of 1,387,617 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CNE shares. Peel Hunt reiterated a "buy" rating and issued a GBX 310 price objective on shares of Capricorn Energy in a report on Thursday, January 8th. Shore Capital Group restated a "buy" rating on shares of Capricorn Energy in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Capricorn Energy has an average rating of "Buy" and a consensus target price of GBX 369.33.

Check Out Our Latest Report on CNE

Capricorn Energy Stock Down 2.1%

The stock's 50 day simple moving average is GBX 288.67 and its two-hundred day simple moving average is GBX 237.55. The firm has a market cap of £208.16 million, a P/E ratio of 11.67, a P/E/G ratio of -1.92 and a beta of 0.27. The company has a debt-to-equity ratio of 12.32, a current ratio of 2.44 and a quick ratio of 6.29.

Capricorn Energy Company Profile

(Get Free Report)

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

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