Capricorn Energy PLC (CNE) AI Stock Analysis

• Market Cap: £180.93M
• Dividend Yield: N/A
• Average Volume (3M): 128.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: -32.66%
• EPS Growth: 72.67%
• Country: UK
• Employees: 45
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.07
• Shares Outstanding: 70,558,340
• 10 Day Avg. Volume: 86,270
• 30 Day Avg. Volume: 128,279
• PEG Ratio: -0.25
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 1.61
• P/FCF Ratio: 6.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £360.00
• Price Target Upside: 39.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 273.00p ▲(5.41% Upside)

The score is driven by improving financial stability and cash positioning alongside strong technical uptrend signals, partially offset by historically volatile profitability/revenue and a weak valuation signal (negative P/E). Earnings call messaging supports the outlook via cost cuts and shareholder returns, but receivables and cost/operational risks temper confidence.

Positive Factors

Conservative leverage & strong liquidity

A declining debt-to-equity ratio and negative net debt signal conservative leverage and ample liquidity. This structural balance-sheet strength improves resilience to oil price cycles, supports capital allocation (capex, buybacks, dividends) and reduces refinancing risk over the next 2-6 months.

Free cash flow turned positive

Sustained positive free cash flow is a durable indicator of operational cash generation. It enables self-funding of maintenance capex, debt reduction and shareholder returns, strengthening financial flexibility and lowering reliance on external financing during commodity volatility.

Improved fiscal terms in Egypt

Better fiscal terms and extended contract life materially improve project economics and reserve recovery. This structural improvement increases long-term production visibility, encourages investment in Egypt assets, and can lift margins and reserve longevity versus prior terms.

Negative Factors

Revenue volatility & inconsistent profitability

Erratic revenue growth and historically wide swings in profitability reduce predictability of cash flows and planning. Persistent volatility can limit capital allocation confidence, increase financing needs during downturns, and make sustaining investment or payouts harder.

Rising operating costs amid declining production

Increasing operating costs combined with falling volumes raise unit costs and squeeze margins. With a high fixed-cost base, sustained production declines can structurally erode profitability and free cash flow, pressuring returns and necessitating further cost or portfolio actions.

Receivables & working capital risk in Egypt

Material receivables exposure to EGPC and delayed collections create structural cash-flow uncertainty. Persistent payment delays can force higher short-term financing, constrain reinvestment or shareholder returns, and amplify liquidity risk despite on‑balance-sheet cash.

Capricorn Energy PLC Business Overview & Revenue Model

Company Description

Capricorn Energy PLC operates as an independent oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Egypt, Mauritania, Mexico, and Suriname. Its activities focused in North West Europe, North and West Africa, and Latin America. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021. Capricorn Energy PLC was founded in 1980 and is headquartered in Edinburgh, the United Kingdom.

How the Company Makes Money

Capricorn Energy makes money primarily through the exploration, production, and sale of oil and natural gas. The company generates revenue by extracting hydrocarbons from its operational assets and selling them in the global energy markets. Key revenue streams include the sale of crude oil, natural gas, and natural gas liquids. The company also benefits from cost-effective extraction methods and operational efficiencies that enhance profit margins. Additionally, Capricorn Energy may engage in joint ventures and partnerships with other energy companies, which can provide shared resources, reduced financial risks, and enhanced access to new markets. The fluctuating prices of oil and gas commodities, along with strategic asset management, play significant roles in influencing the company's overall financial performance.

Capricorn Energy PLC Financial Statement Overview

Summary

Mixed fundamentals: earnings and margins have been volatile with uneven revenue trends, but 2024 returned to modest profitability. Balance sheet leverage is conservative (debt-to-equity down to ~0.30) with strong liquidity/negative net debt, and free cash flow improved to positive in 2024, though cash generation has fluctuated historically.

Income Statement

Capricorn Energy PLC has shown volatility in its revenue and profit margins over recent years. The gross profit margin has decreased significantly since 2019, and net income has been inconsistent with significant losses in some years. However, the company returned to profitability in 2024 with a modest net profit margin of 5.96%. Revenue growth has been erratic, with a notable decline from 2023 to 2024, indicating potential challenges in sustaining revenue streams.

Balance Sheet

The balance sheet reveals a moderate level of stability, supported by a declining debt-to-equity ratio over the years, reaching 0.30 by the end of 2024. This indicates a conservative leverage position. However, the equity ratio has slightly decreased, showing reduced shareholder equity relative to total assets. Despite this, Capricorn maintains a strong cash position with negative net debt, suggesting a solid liquidity position in the short term.

Cash Flow

Capricorn Energy's cash flow statement shows improvement in free cash flow in 2024, turning positive after a negative figure in 2023. The operating cash flow to net income ratio suggests sufficient cash generation relative to net earnings, yet historical fluctuations in free and operating cash flows highlight potential underlying operational challenges. The company's ability to generate positive free cash flow in recent periods is a positive indicator.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	156.80M	177.90M	255.10M	229.60M	57.10M	400.00K
Gross Profit	34.00M	51.20M	75.10M	149.20M	20.80M	-11.70M
EBITDA	102.80M	116.30M	41.70M	3.30M	950.40M	72.60M
Net Income	2.30M	10.60M	-144.00M	-67.10M	894.50M	-393.80M
Balance Sheet
Total Assets	537.20M	619.70M	667.60M	1.53B	2.25B	1.64B
Cash, Cash Equivalents and Short-Term Investments	84.10M	123.40M	189.50M	891.20M	400.70M	574.80M
Total Debt	69.50M	105.40M	119.20M	162.90M	180.70M	240.00M
Total Liabilities	188.60M	270.40M	261.10M	341.40M	447.80M	509.70M
Stockholders Equity	348.60M	349.30M	406.50M	1.12B	1.80B	1.13B
Cash Flow
Free Cash Flow	-8.80M	44.50M	-100.80M	-10.40M	153.00M	-16.20M
Operating Cash Flow	44.00M	86.10M	-39.90M	63.50M	179.90M	257.90M
Investing Cash Flow	-26.20M	-51.30M	120.80M	963.90M	-296.00M	225.60M
Financing Cash Flow	-68.70M	-97.30M	-646.20M	-579.60M	-147.90M	-69.30M

Capricorn Energy PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 259.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CNE, the sentiment is Positive. The current price of 259 is above the 20-day moving average (MA) of 227.03, above the 50-day MA of 206.16, and above the 200-day MA of 213.94, indicating a bullish trend. The MACD of 11.16 indicates Negative momentum. The RSI at 78.06 is Negative, neither overbought nor oversold. The STOCH value of 93.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CNE.

Capricorn Energy PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PHAR	66 Neutral	£89.93M	22.02	1.91%	6.46%	-9.43%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CNE	61 Neutral	£180.93M	-10.98	-6.29%	―	-32.66%	72.67%
ENQ	58 Neutral	£230.77M	-2.69	-26.37%	4.36%	-18.05%	-634.88%
TLW	56 Neutral	£119.62M	-0.76	―	―	-32.47%	-1490.91%
GENL	55 Neutral	£171.81M	-4.09	-11.54%	―	-0.20%	-25.68%
KIST	44 Neutral	£194.73M	-5.34	-92.03%	―	-16.87%	21.18%

Capricorn Energy PLC Corporate Events

Capricorn Energy Confirms Total Voting Rights and Share Capital Structure

Capricorn Energy PLC has confirmed that, as of 30 January 2026, it has 70,558,339 ordinary shares in issue, each carrying one voting right, and that it holds no shares in treasury. The updated total voting rights figure provides the denominator investors must use to assess whether they are required to disclose their holdings or changes in their stake under the Disclosure and Transparency Rules, offering clarity on the company’s capital structure and obligations for significant shareholders.

The most recent analyst rating on (GB:CNE) stock is a Hold with a £252.00 price target. To see the full list of analyst forecasts on Capricorn Energy PLC stock, see the GB:CNE Stock Forecast page.

Capricorn Energy Beats 2025 Production Guidance and Strengthens Balance Sheet

Capricorn Energy reported that its 2025 working interest production averaged 20,175 boepd, above guidance, with a year-end rate of 21,003 boepd driven by new development wells and a successful waterflood in the Badr El Din field, while promising exploration results in the North Um Baraka and South East Horus licences are paving the way for new development and licence phase progression from 2026 onwards. Financially, the company has sharply reduced Egyptian receivables, fully repaid its Senior Debt Facility, lowered its Junior Debt Facility to $30m, and ended 2025 with an estimated net cash position of about $103m, while also agreeing terms to settle unsecured claims tied to Harbour Energy’s planned acquisition of Waldorf Production and preparing to capitalise on a newly approved integrated concession agreement in Egypt expected to support future production and reserves.

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.

Capricorn Energy Confirms Share Capital and Voting Rights as of Year-End 2025

Capricorn Energy PLC has confirmed that, as of 31 December 2025, it has 70,558,339 ordinary shares in issue, each carrying one voting right, and holds no shares in treasury. This updated share capital figure provides the denominator shareholders must use to assess and report any interests or changes in interests in the company, in line with UK Disclosure and Transparency Rules, ensuring continued compliance and clarity for investors and regulators.

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.

Capricorn Energy Supports Waldorf Acquisition by Harbour Energy

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.

Capricorn Energy PLC Announces Total Voting Rights

Capricorn Energy PLC announced the total number of shares in its capital as of November 28, 2025, which stands at 70,558,339 ordinary shares, each with voting rights. This information is crucial for shareholders as it helps them determine their interests in the company under the Disclosure and Transparency Rules.

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.