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    CNE   GB00BN0SMB92

CAPRICORN ENERGY PLC

(CNE)
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Delayed London Stock Exchange  -  05/20 11:35:08 am EDT
202.00 GBX   +1.25%
05/11FTSE 100 Closes Up Boosted by Mining, Energy Shares Rising on Higher Commodity Prices
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04/07Jefferies Keeps Capricorn Energy At Hold, Boosts PT
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04/07Capricorn Energy PLC announces an Equity Buyback for $25 million worth of its shares.
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Capricorn Energy Says Production Growth in Egypt Is Ahead of Expectations

01/25/2022 | 02:37am EDT

By Jaime Llinares Taboada


Capricorn Energy PLC said Tuesday that production at its newly-acquired oil-and-gas assets in Egypt is growing faster than expected.

The London-listed energy company said production has increased around 8% since the assets were acquired in September to Dec. 31. Net production in that period averaged 36,300 barrels of oil equivalent a day, yielding revenue of $56 million.

In 2022, Capricorn expects Egyptian production to average between 37,000 and 43,000 barrels, with year-end exit rates forecast to exceed this guidance range.

In addition, the company said it expects to receive the 79 billion rupee ($1.06 billion) tax refund from the Indian government in early 2022. The company intends to return $700 million of this to shareholders. Capricorn said it will return $500 million by way of tender offer, with the remaining $200 million delivered by way of a share repurchase program.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

01-25-22 0237ET

Stocks mentioned in the article
ChangeLast1st jan.
CAPRICORN ENERGY PLC 1.25% 202 Delayed Quote.7.28%
LONDON BRENT OIL 0.94% 112.54 Delayed Quote.42.93%
WTI 1.22% 110.515 Delayed Quote.44.84%
All news about CAPRICORN ENERGY PLC
05/11FTSE 100 Closes Up Boosted by Mining, Energy Shares Rising on Higher Commodity Prices
DJ
04/07Jefferies Keeps Capricorn Energy At Hold, Boosts PT
MT
04/07Capricorn Energy PLC announces an Equity Buyback for $25 million worth of its shares.
CI
04/07Capricorn Energy PLC authorizes a Buyback Plan.
CI
04/06Capricorn Energy Completes $500 Million Tender Offer Of Ordinary Shares
MT
04/06Tranche Update on Capricorn Energy PLC's Equity Buyback Plan announced on March 7, 2022..
CI
04/06Capricorn Energy PLC's Equity Buyback announced on March 7, 2022, has expired with 171,..
CI
03/29CAPRICORN ENERGY : Report and Accounts and Notice of Annual General Meeting
PU
03/25FTSE 100 Closes Up 0.2% as Oil Companies, Miners Gain
DJ
03/25FTSE Edges Higher, Wickes Gains After Good Fiscal Year; Shares Look Undervalued
DJ
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Analyst Recommendations on CAPRICORN ENERGY PLC
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Financials (USD)
Sales 2022 256 M - -
Net income 2022 20,0 M - -
Net cash 2022 644 M - -
P/E ratio 2022 46,2x
Yield 2022 50,7%
Capitalization 784 M 784 M -
EV / Sales 2022 0,55x
EV / Sales 2023 0,40x
Nbr of Employees 201
Free-Float 97,8%
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Technical analysis trends CAPRICORN ENERGY PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 2,52 $
Average target price 3,30 $
Spread / Average Target 31,2%
EPS Revisions
Managers and Directors
Simon John Thomson Chief Executive Officer & Executive Director
James Donald Smith Chief Financial Officer & Executive Director
Nicoletta Giadrossi-Morel Non-Executive Chairman
Keith Geddes Lough Independent Non-Executive Director
Peter S. Kallos Senior Independent Non-Executive Director
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