Capricorn Energy (LON:CNE – Get Rating) had its target price raised by equities researchers at JPMorgan Chase & Co. from GBX 243 ($2.89) to GBX 245 ($2.91) in a report released on Wednesday, Digital Look reports. The firm presently has a “neutral” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.81% from the company’s previous close.
CNE has been the topic of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Capricorn Energy from GBX 235 ($2.79) to GBX 260 ($3.09) and gave the stock a “speculative buy” rating in a report on Thursday, April 7th. Berenberg Bank boosted their price target on shares of Capricorn Energy from GBX 215 ($2.56) to GBX 225 ($2.68) and gave the stock a “hold” rating in a research report on Friday, June 10th. Finally, Barclays boosted their price target on shares of Capricorn Energy from GBX 245 ($2.91) to GBX 285 ($3.39) and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 227.86 ($2.71).
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CNE traded down GBX 1.60 ($0.02) during trading on Wednesday, reaching GBX 213.40 ($2.54). 733,002 shares of the company’s stock were exchanged, compared to its average volume of 3,865,441. Capricorn Energy has a one year low of GBX 122 ($1.45) and a one year high of GBX 238.80 ($2.84). The company has a current ratio of 8.71, a quick ratio of 8.61 and a debt-to-equity ratio of 10.05. The stock has a market capitalization of £672.64 million and a PE ratio of 145.17. The firm has a fifty day moving average price of GBX 210.28 and a two-hundred day moving average price of GBX 206.08.
Capricorn Energy Company Profile (Get Rating)
Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America.
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