Shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley upgraded CAIRN ENERGY PL/ADR from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, January 15th. BMO Capital Markets upgraded CAIRN ENERGY PL/ADR from a “market perform” rating to an “outperform” rating in a research report on Friday, January 11th. Jefferies Financial Group upgraded CAIRN ENERGY PL/ADR from an “underperform” rating to a “hold” rating in a research report on Friday, December 14th. Zacks Investment Research upgraded CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Royal Bank of Canada lowered CAIRN ENERGY PL/ADR from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 15th.
OTCMKTS:CRNCY traded up $0.14 during trading hours on Wednesday, hitting $4.39. 13,762 shares of the stock were exchanged, compared to its average volume of 6,010. CAIRN ENERGY PL/ADR has a 52-week low of $3.52 and a 52-week high of $7.23. The firm has a market cap of $1.29 billion, a P/E ratio of -1.27 and a beta of 1.70.
Cairn Energy PLC operates as an oil and gas exploration and production company. It holds a portfolio of exploration, development, and production assets in the United Kingdom; Norway; Mexico; and the Atlantic Margin, including Senegal and the Republic of Ireland. The company was incorporated in 2002 and is headquartered in Edinburgh, the United Kingdom.
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