Capricorn Energy PLC 2.3% potential upside indicated by Berenberg Bank

Broker Ratings

Capricorn Energy PLC with ticker (LON:CNE) now has a potential upside of 2.3% according to Berenberg Bank.

Berenberg Bank set a target price of 225 GBX for the company, which when compared to the Capricorn Energy PLC share price of 220 GBX at opening today (22/06/2022) indicates a potential upside of 2.3%. Trading has ranged between 122 (52 week low) and 239 (52 week high) with an average of 6,950,239 shares exchanging hands daily. The market capitalisation at the time of writing is £678,747,278.

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.

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