Capricorn Energy PLC 11.8% potential upside indicated by Canaccord Genuity

Capricorn Energy PLC with ticker (LON:CNE) now has a potential upside of 11.8% according to Canaccord Genuity.



Canaccord Genuity set a target price of 235 GBX for the company, which when compared to the Capricorn Energy PLC share price of 207 GBX at opening today (28/01/2022) indicates a potential upside of 11.8%. Trading has ranged between 122 (52 week low) and 214 (52 week high) with an average of 1,860,818 shares exchanging hands daily. The market capitalisation at the time of writing is £1,013,276,976.

Capricorn Energy PLC, formerly Cairn Energy PLC, is a United Kingdom-based independent energy company. The Company has explored, discovered, developed and produced oil and gas in a variety of locations globally. The Company’s production, development and exploration activity is focused on Egypt, with exploration activities in the United Kingdom North Sea, West Africa and Latin America. The Company’s producing fields are split over four distinct areas: The Obaiyed Area, Badr El Din (BED), North East Abu Gharadig (NEAG) and Alam El Shawish West (AESW). The portfolio also includes material potential exploration upside, as well as three newly exploration blocks South East Horus, West El Fayum and South Abu Sennan. It operates these newly exploration concessions with a 50% working interest.