Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Capricorn Energy (LON:CNE)

Capricorn Energy (LON:CNE)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a note issued to investors on Tuesday, LSE.Co.UK reports. They presently have a GBX 260 ($3.48) price objective on the oil and gas development company’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 27.86% from the stock’s current price.

Capricorn Energy Stock Performance

Shares of CNE traded down GBX 0.15 ($0.00) during midday trading on Tuesday, reaching GBX 203.35 ($2.72). 280,737 shares of the stock were exchanged, compared to its average volume of 184,302. The stock’s 50 day simple moving average is GBX 210.64 and its 200 day simple moving average is GBX 185.82. The company has a market cap of £142.65 million, a P/E ratio of -282.43, a PEG ratio of -1.92 and a beta of 1.35. Capricorn Energy has a twelve month low of GBX 109.20 ($1.46) and a twelve month high of GBX 237.50 ($3.18). The company has a quick ratio of 6.29, a current ratio of 3.14 and a debt-to-equity ratio of 29.32.

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.