Capricorn Energy PLC Declares Dividend of GBX 43 (LON:CNE)

Capricorn Energy PLC (LON:CNE) announced a dividend on Wednesday, April 17th, Upcoming.Co.Uk reports. Investors of record on Friday, May 24th will be paid a dividend of GBX 43 ($0.54) per share by the oil and gas development company on Friday, June 7th. The ex-dividend date of this dividend is Friday, May 24th. The official announcement can be seen at this link.

Capricorn Energy Stock Up 2.4 %

Shares of CNE traded up GBX 3.80 ($0.05) during midday trading on Wednesday, reaching GBX 164.80 ($2.05). 90,188 shares of the stock were exchanged, compared to its average volume of 226,410. Capricorn Energy has a 12-month low of GBX 109.20 ($1.36) and a 12-month high of GBX 248 ($3.09). The firm has a 50 day simple moving average of GBX 140.44 and a 200-day simple moving average of GBX 151.44. The company has a quick ratio of 6.29, a current ratio of 4.17 and a debt-to-equity ratio of 24.12. The company has a market cap of £151.62 million, a price-to-earnings ratio of -149.82, a P/E/G ratio of -1.92 and a beta of 1.28.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective on Capricorn Energy from GBX 160 ($1.99) to GBX 175 ($2.18) and gave the company a “hold” rating in a report on Thursday, April 4th.

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.