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The latest announcement is out from Capricorn Energy PLC ( (GB:CNE) ).
Capricorn Energy PLC announced that the High Court has refused to sanction Waldorf Production UK Plc’s restructuring plan, which affects the $29.5 million owed to Capricorn from a previous agreement. Despite ongoing discussions with Waldorf, Capricorn anticipates challenges in fully recovering the amount due to Waldorf’s financial difficulties.
The most recent analyst rating on (GB:CNE) stock is a Buy with a £290.00 price target. To see the full list of analyst forecasts on Capricorn Energy PLC stock, see the GB:CNE Stock Forecast page.
Spark’s Take on GB:CNE Stock
According to Spark, TipRanks’ AI Analyst, GB:CNE is a Neutral.
Capricorn Energy’s overall stock score reflects a challenging financial and technical analysis environment, offset by promising corporate events. Financial performance remains volatile, and technical indicators suggest bearish trends. However, strategic advancements in operations and positive corporate developments provide a more optimistic outlook.
To see Spark’s full report on GB:CNE stock, click here.
More about Capricorn Energy PLC
Capricorn Energy PLC operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in developing and managing energy projects, with a market focus on delivering sustainable energy solutions.
Average Trading Volume: 51,317
Technical Sentiment Signal: Sell
Current Market Cap: £149.5M
See more data about CNE stock on TipRanks’ Stock Analysis page.