Capricorn Energy PLC -5.2% potential downside indicated by Canaccord Genuity

Capricorn Energy PLC with ticker (LON:CNE) now has a potential downside of -5.2% 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 248 GBX at opening today (18/04/2023) indicates a potential downside of -5.2%. Trading has ranged between 191 (52 week low) and 263 (52 week high) with an average of 853,299 shares exchanging hands daily. The market capitalisation at the time of writing is £772,865,999.

Capricorn 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 throughout the world. It holds a balanced portfolio of development, production and exploration assets, with interests in various countries, such as the United Kingdom, Egypt, Israel, Mauritania, Mexico and Suriname. In the United Kingdom’s Southern North Sea, it operates five licenses, such as P2428, P2567, P2560, P2561 and P2562. It also operates licenses, P2381 in the Central North Sea and P2468 in the East Orkney Basin. It has interests in four blocks in the Gulf of Mexico, two as operator in Blocks 9 and 15, and two as non-operator in Blocks 7 and 10. It operates Block 61 situated in the Guyana-Suriname basin. The Company has a 90% interest in Block C7 offshore Mauritania. Its producing fields in Egypt are located in The Obaiyed Area, Badr El Din, North East Abu Gharadig and Alam El Shawish West.