Capricorn Energy PLC 20.2% potential upside indicated by Canaccord Genuity

Capricorn Energy PLC with ticker (LON:CNE) now has a potential upside of 20.2% according to Canaccord Genuity.



Canaccord Genuity set a target price of 220 GBX for the company, which when compared to the Capricorn Energy PLC share price of 183 GBX at opening today (28/06/2023) indicates a potential upside of 20.2%. Trading has ranged between 178 (52 week low) and 558 (52 week high) with an average of 718,342 shares exchanging hands daily. The market capitalisation at the time of writing is £264,512,582.

Capricorn Energy PLC is a United Kingdom-based independent energy company. The Company has discovered, developed and produced oil and gas in multiple settings throughout the world. The Company holds a balanced portfolio of development, production and exploration assets, with interests in various countries, such as the United Kingdom, Egypt, Mauritania, Mexico and Suriname. It operates five United Kingdom Southern North Sea licenses: P2428 and P2567 and P2560, P2561 and P2562 with partner Deltic Energy. It has interests in four blocks in the Gulf of Mexico, two as Operator: Blocks 9 and 15, and two as non-Operator: Blocks 7 and 10. It operates Block 61, situated in the Guyana-Suriname basin. It has a 90% interest in Block C7 offshore Mauritania. Its producing fields are split over four distinct areas: The Obaiyed Area, Badr El Din, Northeast Abu Gharadig and Alam El Shawish West. Badr El Din comprises five producing concessions, both oil and gas.