Capricorn Energy PLC (LON:CNE – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 157.33 ($2.00) and traded as high as GBX 184 ($2.33). Capricorn Energy shares last traded at GBX 177.50 ($2.25), with a volume of 44,540 shares changing hands.
Analyst Ratings Changes
Separately, Canaccord Genuity Group upgraded Capricorn Energy to a “speculative buy” rating and increased their target price for the company from GBX 185 ($2.35) to GBX 240 ($3.04) in a report on Tuesday, June 18th.
Read Our Latest Stock Analysis on CNE
Capricorn Energy Price Performance
Capricorn Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a dividend of GBX 43 ($0.55) per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a dividend yield of 25.97%.
Capricorn Energy Company Profile
Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021.
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