Shore Capital Reiterates "Buy" Rating for Capricorn Energy (LON:CNE)

Key Points

• Shore Capital has reaffirmed a "Buy" rating for Capricorn Energy (LON:CNE), indicating strong support for the stock's potential.
• Capricorn Energy's stock has a target price set at GBX 360 by Canaccord Genuity, with an average price target of GBX 310 from all analysts.
• The company is recognized as a cash flow-focused energy producer with valuable assets in the Egyptian Western Desert, boasting a market cap of £141.43 million.

Capricorn Energy (LON:CNE - Get Free Report)'s stock had its "buy" rating restated by analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat reports.

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 360 price objective on shares of Capricorn Energy in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 310.

Capricorn Energy Price Performance

Shares of CNE stock traded down GBX 1.13 during trading on Wednesday, hitting GBX 206.87. The company had a trading volume of 77,421 shares, compared to its average volume of 62,490. 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 stock's 50-day moving average is GBX 218.17 and its two-hundred day moving average is GBX 227.77. The stock has a market capitalization of £141.89 million, a price-to-earnings ratio of 1,477.64, a price-to-earnings-growth ratio of -1.92 and a beta of 1.35. Capricorn Energy has a 52 week low of GBX 185.48 and a 52 week 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