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Capricorn Energy PLC (GB:CNE)
LSE:CNE

Capricorn Energy PLC (CNE) AI Stock Analysis

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Capricorn Energy PLC

(LSE:CNE)

Rating:56Neutral
Price Target:
249.00p
▲(8.26%Upside)
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.
Positive Factors
Market Performance
Capricorn’s improved fortunes in Egypt have been well rewarded by the market: its share price is up over 30% while close peers are down more than 20%.
Operational Performance
Capricorn’s 1H24 results showcased strong operational performance and lower cash costs.
Negative Factors
Analyst Rating
Given Capricorn’s significant share price outperformance versus peers in 2024 and the lowered price objective, the rating has been moved to Underperform versus the prior Buy rating.

Capricorn Energy PLC (CNE) vs. iShares MSCI United Kingdom ETF (EWC)

Capricorn Energy PLC Business Overview & Revenue Model

Company DescriptionCapricorn 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 MoneyCapricorn Energy PLC generates revenue through the exploration, development, and production of oil and gas. The company's primary revenue streams include the sale of crude oil, natural gas, and related hydrocarbons extracted from its operated fields. Significant earnings are derived from both domestic and international operations, depending on the market price of oil and gas, production levels, and the company's ability to manage operational costs effectively. Partnerships with other oil and gas companies, as well as agreements with governments and regulatory bodies, also play a crucial role in securing exploration and production rights, which can impact revenue generation.

Capricorn Energy PLC Financial Statement Overview

Summary
Capricorn Energy PLC's financial performance is mixed, with recent profitability but historical volatility in revenue and profit margins. The balance sheet shows moderate stability with a decreasing debt-to-equity ratio, and the cash flow has improved with positive free cash flow in 2024.
Income Statement
45
Neutral
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
60
Neutral
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
55
Neutral
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
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
177.90M255.10M229.60M57.10M400.00K
Gross Profit
51.20M75.10M149.20M20.80M-11.70M
EBIT
30.10M-87.40M-135.60M-130.90M-130.20M
EBITDA
116.30M41.70M3.30M950.40M72.60M
Net Income Common Stockholders
10.60M-144.00M-67.10M894.50M-393.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
123.40M189.50M891.20M400.70M574.80M
Total Assets
619.70M667.60M1.53B2.25B1.64B
Total Debt
105.40M119.20M162.90M180.70M240.00M
Net Debt
-18.00M-70.30M-593.90M-133.40M-329.60M
Total Liabilities
270.40M261.10M314.70M447.80M509.70M
Stockholders Equity
349.30M406.50M1.21B1.80B1.13B
Cash FlowFree Cash Flow
44.50M-100.80M-10.40M153.00M-16.20M
Operating Cash Flow
86.10M-39.90M63.50M179.90M257.90M
Investing Cash Flow
-51.30M120.80M963.90M-296.00M225.60M
Financing Cash Flow
-97.30M-646.20M-579.60M-147.90M-69.30M

Capricorn Energy PLC Technical Analysis

Technical Analysis Sentiment
Negative
Last Price230.00
Price Trends
50DMA
224.87
Positive
100DMA
253.95
Negative
200DMA
246.86
Negative
Market Momentum
MACD
1.18
Positive
RSI
48.85
Neutral
STOCH
11.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CNE, the sentiment is Negative. The current price of 230 is below the 20-day moving average (MA) of 231.07, above the 50-day MA of 224.87, and below the 200-day MA of 246.86, indicating a neutral trend. The MACD of 1.18 indicates Positive momentum. The RSI at 48.85 is Neutral, neither overbought nor oversold. The STOCH value of 11.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CNE.

Capricorn Energy PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
$7.43B3.43-4.49%10.08%0.81%-49.42%
GBCNE
56
Neutral
£157.18M17.20-3.25%-28.38%90.60%
$209.39M-15.72%
£119.19M3.7511.30%
GBTLW
61
Neutral
£271.21M5.98
-11.70%
GBJSE
£113.63M-121.27%
58
Neutral
£140.87M-80.82%-5.92%-91.89%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CNE
Capricorn Energy PLC
230.00
59.50
34.90%
GEGYF
Genel Energy
0.66
-0.51
-43.59%
GB:SAVE
Savannah Petroleum
7.95
-18.25
-69.66%
GB:TLW
Tullow Oil
18.78
-13.90
-42.53%
GB:JSE
Jadestone Energy Inc
22.50
-9.00
-28.57%
GB:KIST
Kistos PLC
178.00
36.50
25.80%

Capricorn Energy PLC Corporate Events

Business Operations and StrategyFinancial Disclosures
Capricorn Energy Releases 2024 Competent Persons Report
Neutral
Jun 10, 2025

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.

Shareholder MeetingsBusiness Operations and Strategy
Capricorn Energy PLC Successfully Passes All Resolutions at 2025 AGM
Positive
May 22, 2025

Capricorn Energy PLC held its Annual General Meeting on May 22, 2025, where all proposed resolutions were passed with the required majority. The resolutions included the approval of the annual report, re-election of board members, and authorization for share allotment and purchase. These decisions reflect the company’s strategic direction and governance stability, potentially impacting its operational efficiency and shareholder value positively.

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.

Business Operations and Strategy
Capricorn Energy PLC Strengthens Egyptian Operations and Eyes Growth
Positive
May 22, 2025

Capricorn Energy PLC has announced strategic advancements in its Egyptian operations, consolidating eight existing concession agreements into a single integrated agreement, which is expected to enhance shareholder value and drive sustainable growth. The company is optimistic about improved fiscal terms and increased gas prices, which will strengthen its financial resilience and support further investments. With a robust balance sheet and ongoing efforts to diversify operations, Capricorn is positioning itself as a compelling investment opportunity.

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.

Business Operations and Strategy
Capricorn Energy PLC Strengthens Egyptian Operations and Eyes Expansion
Positive
May 22, 2025

Capricorn Energy PLC has announced the consolidation of its Egyptian concession agreements into a single integrated agreement, which is expected to enhance the company’s operational efficiency and financial resilience. The improved fiscal terms and strategic developments in Egypt, including increased gas prices and expanded asset base, are set to drive growth and shareholder value, while the company continues to explore opportunities in the UK North Sea and MENA regions.

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.

Business Operations and Strategy
Capricorn Energy Consolidates Egyptian Concessions for Enhanced Investment
Positive
May 8, 2025

Capricorn Energy PLC has reached an agreement with the Egyptian General Petroleum Corporation to consolidate eight existing Egyptian concession agreements into a single integrated concession. This new agreement, pending Egyptian Parliamentary ratification, includes improved commercial terms and is expected to enhance investment and production. The consolidation aims to unlock significant contingent resources, increase production, and convert resources to reserves, thereby benefiting all stakeholders. The agreement is seen as a crucial step in strengthening Capricorn’s position as a small-cap energy company and enhancing its sustainability and attractiveness as an investment.

Financial DisclosuresRegulatory Filings and Compliance
Capricorn Energy PLC Discloses 2024 Government Payments
Neutral
May 7, 2025

Capricorn Energy PLC has released a report detailing its payments to governments for the year ending December 31, 2024, in compliance with the Reports on Payments to Governments Regulations 2014 and the Financial Conduct Authority’s Disclosure and Transparency Rules. The report, which is available on the company’s website and the National Storage Mechanism, outlines payments made on a cash basis at both project and corporate levels, highlighting infrastructure improvements in the UK, Suriname, and Iraq.

Business Operations and Strategy
Capricorn Energy Enhances Employee Shareholding with New Incentive Awards
Positive
May 7, 2025

Capricorn Energy PLC announced the purchase of ordinary shares under its 2010 Share Incentive Plan, with the trustee acquiring shares on behalf of participants at a price of £2.2589 per share. Additionally, the company awarded matching shares to participants, offering two free shares for each share purchased, enhancing the shareholding of its Commercial Director, Nathan Piper, who now holds 12,234 shares. This initiative reflects Capricorn’s commitment to employee engagement and aligns with its strategic goals to incentivize management, potentially impacting its market positioning positively.

Executive/Board ChangesBusiness Operations and Strategy
Capricorn Energy PLC Awards Free Shares to Key Executives
Positive
May 7, 2025

Capricorn Energy PLC has announced the annual award of free shares to eligible employees under its Share Incentive Plan, with key executives Geoff Probert and Nathan Piper receiving 1,518 shares each. This initiative, based on the share price of £2.37, reflects Capricorn’s commitment to employee engagement and retention, potentially enhancing stakeholder confidence in the company’s governance and operational strategies.

Business Operations and Strategy
Capricorn Energy PLC Announces Share Transactions by Associated Entity
Neutral
May 6, 2025

Capricorn Energy PLC announced a significant transaction involving the acquisition of shares by Palliser Capital (UK) Ltd, a person closely associated with Sachin Mistry, a Non-Executive Director of the company. The transactions, which took place on April 30, 2025, involved the purchase of ordinary shares at different prices and volumes, reflecting a strategic move that could influence the company’s market positioning and shareholder value.

Shareholder Meetings
Capricorn Energy PLC Changes Venue for 2025 AGM
Neutral
May 1, 2025

Capricorn Energy PLC has announced a change in the venue for its 2025 Annual General Meeting, which will now be held at The Sheraton Grand Hotel in Edinburgh due to the unavailability of the original location. All other details of the meeting, including the date, time, and resolutions, remain unchanged, ensuring continuity for stakeholders and attendees.

M&A Transactions
Capricorn Energy PLC Announces Share Acquisition by Associated Entity
Neutral
Apr 29, 2025

Capricorn Energy PLC announced a transaction involving the acquisition of shares by Palliser Capital (UK) Ltd, a person closely associated with Sachin Mistry, a Non-Executive Director of the company. This transaction, which took place on April 28, 2025, reflects internal movements within the company’s shareholding structure, potentially impacting stakeholder perceptions and the company’s market positioning.

Other
Capricorn Energy PLC Announces Director-Linked Share Acquisition
Positive
Apr 28, 2025

Capricorn Energy PLC announced a transaction involving the acquisition of shares by Palliser Capital (UK) Ltd, a person closely associated with Sachin Mistry, a Non-Executive Director of the company. This transaction, which took place on April 25, 2025, involved the purchase of 233,129 ordinary shares at a price of £2.0836 each. The acquisition of shares by a closely associated entity of a company director may indicate confidence in the company’s future performance and could impact stakeholder perceptions positively.

Other
Capricorn Energy PLC Announces Share Acquisition by Associated Entity
Neutral
Apr 25, 2025

Capricorn Energy PLC announced a transaction involving the acquisition of shares by Palliser Capital (UK) Ltd, a person closely associated with Sachin Mistry, a Non-Executive Director of the company. This transaction, involving 26,331 shares at a price of £1.93808 each, took place on 24 April 2025 and reflects ongoing shareholder activities within the company.

Shareholder MeetingsFinancial Disclosures
Capricorn Energy Releases 2024 Annual Report and AGM Notice
Neutral
Apr 15, 2025

Capricorn Energy PLC has released its annual report and accounts for the year ending December 31, 2024, along with a notice for its upcoming Annual General Meeting scheduled for May 22, 2025, in Edinburgh. This announcement signifies the company’s transparency and commitment to keeping its shareholders informed, potentially impacting its operational strategies and stakeholder relations.

Business Operations and Strategy
Capricorn Energy PLC Announces Share Transactions by Associated Entity
Positive
Apr 14, 2025

Capricorn Energy PLC announced transactions involving the acquisition of shares by Palliser Capital (UK) Ltd, a person closely associated with Sachin Mistry, a Non-Executive Director of the company. These transactions, which took place on April 8 and 9, 2025, involved the purchase of ordinary shares at varying prices, indicating strategic positioning and confidence in the company’s future prospects.

Business Operations and Strategy
Capricorn Energy PLC Enhances Employee Share Incentive Plan
Positive
Apr 9, 2025

Capricorn Energy PLC announced the purchase of ordinary shares and the awarding of matching shares under its 2010 Share Incentive Plan. On April 7, 2025, shares were purchased for participants using salary deductions, and additional shares were awarded on a two-for-one basis. This move enhances employee engagement and aligns managerial interests with company performance, potentially impacting stakeholder confidence positively.

Executive/Board ChangesBusiness Operations and Strategy
Capricorn Energy PLC Announces 2025 Executive Awards
Neutral
Apr 4, 2025

Capricorn Energy PLC has announced the granting of 2025 awards under its Long Term Incentive Plan and Deferred Bonus Scheme to key executives. These awards, in the form of ‘nil-cost’ options over ordinary shares, are part of the company’s strategy to align executive compensation with performance and shareholder interests. The awards are subject to specific performance conditions and holding periods, reflecting Capricorn’s commitment to long-term value creation. This move is likely to impact the company’s operational focus and stakeholder engagement by reinforcing executive accountability and incentivizing performance.

Stock BuybackBusiness Operations and Strategy
Capricorn Energy’s Buyback Program Alters Major Holdings
Neutral
Apr 1, 2025

Capricorn Energy PLC has announced that its buyback program has led to Palliser Capital (UK) Ltd’s holdings crossing the 13% threshold of voting rights. This change in holdings was officially recognized on March 31, 2025, and reflects Capricorn’s ongoing efforts to manage its capital structure effectively. The increase in voting rights for Palliser Capital could potentially influence future company decisions, impacting stakeholders and the company’s strategic direction.

Regulatory Filings and Compliance
Capricorn Energy PLC Announces Total Voting Rights Update
Neutral
Mar 31, 2025

Capricorn Energy PLC announced the total number of voting rights and shares in issue as of 31 March 2025, which amounts to 70,558,339 ordinary shares. This information is crucial for shareholders to determine their notification obligations under the Disclosure and Transparency Rules, impacting how they manage their interests in the company.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Capricorn Energy Reports Strong 2024 Performance and Strategic Developments
Positive
Mar 27, 2025

Capricorn Energy PLC announced its full-year results for 2024, highlighting a pivotal year marked by improved operational performance in Egypt and a focus on financial discipline. The company achieved the upper end of its production guidance and is working on consolidating its eight existing Egyptian concession agreements into a single integrated agreement to enhance production and returns. The company received $50 million from the disposal of the Sangomar asset but faces challenges in returning this payment due to potential tax obligations and a missed payment from Waldorf Production UK. Looking ahead, Capricorn plans to focus on growth and diversification, with ongoing evaluations of M&A opportunities and continued development drilling in Egypt.

Business Operations and Strategy
Capricorn Energy PLC Advances Gas Price Agreement in Egypt
Positive
Mar 14, 2025

Capricorn Energy PLC, in collaboration with Cheiron Energy, has reached an initial agreement with the Egyptian General Petroleum Corporation to improve gas prices for their Western Desert concessions. This agreement, aimed at boosting investment and production, is pending approval from EGPC’s Main Board and the Egyptian Parliament.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.