Shares of Capricorn Energy PLC (LON:CNE – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 152.27 ($1.94) and traded as high as GBX 205.20 ($2.61). Capricorn Energy shares last traded at GBX 198.40 ($2.52), with a volume of 360,897 shares traded.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group lifted their price objective on shares of Capricorn Energy from GBX 160 ($2.03) to GBX 175 ($2.22) and gave the stock a “hold” rating in a research note on Thursday, April 4th.
Capricorn Energy Trading Down 0.6 %
Capricorn Energy Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a dividend of GBX 43 ($0.55) per share. This represents a yield of 25.97%. The ex-dividend date of this dividend is Friday, May 24th.
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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