Capricorn Energy PLC 17.2% potential upside indicated by Barclays

Capricorn Energy PLC with ticker (LON:CNE) now has a potential upside of 17.2% according to Barclays.



Barclays set a target price of 245 GBX for the company, which when compared to the Capricorn Energy PLC share price of 203 GBX at opening today (09/03/2022) indicates a potential upside of 17.2%. Trading has ranged between 122 (52 week low) and 224 (52 week high) with an average of 3,247,515 shares exchanging hands daily. The market capitalisation at the time of writing is £969,159,419.

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.