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Capricorn Energy PLC ( (GB:CNE) ) just unveiled an update.
Capricorn Energy PLC has released an abridged version of its 2024 Competent Persons Report, which evaluates its oil and gas properties in the Egyptian Western Desert. The report’s production projections and cost profiles align with the company’s previously disclosed full-year results, indicating stability and consistency in its operational outlook.
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.
The overall stock score reflects a combination of mixed financial performance, neutral technical indicators, challenging valuation metrics, and positive corporate events. The strategic advancements in Egypt and governance stability are significant positives, but the negative P/E ratio and lack of dividend yield present valuation concerns.
To see Spark’s full report on GB:CNE stock, click here.
More about Capricorn Energy PLC
Capricorn Energy PLC is a cash flow-focused energy producer with a portfolio of onshore development and production assets located in the Western Desert.
Average Trading Volume: 67,581
Technical Sentiment Signal: Buy
Current Market Cap: £159.6M
Find detailed analytics on CNE stock on TipRanks’ Stock Analysis page.