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Capricorn Energy PLC ( (GB:CNE) ) has shared an announcement.
Capricorn Energy PLC has entered into a lock-up agreement supporting the acquisition of Waldorf Production UK Plc by a subsidiary of Harbour Energy plc. As part of this agreement, Capricorn will receive a payment of approximately $4 million to $5 million in exchange for compromising its unsecured claims against Waldorf, while retaining the right to participate in potential residual claims. The completion of this transaction is contingent upon various regulatory approvals and may necessitate a further restructuring plan.
The most recent analyst rating on (GB:CNE) stock is a Hold with a £201.00 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 is primarily influenced by its mixed financial performance and bearish technical indicators. While recent earnings call and corporate events provide positive strategic insights, the negative P/E ratio and lack of dividend yield weigh down the valuation score.
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: 92,553
Technical Sentiment Signal: Sell
Current Market Cap: £132.7M
See more data about CNE stock on TipRanks’ Stock Analysis page.