Cairn Energy PLC (LON:CNE) Scheduled to Post Quarterly Earnings on Monday
Cairn Energy PLC (LON:CNE) is scheduled to issue its quarterly earnings data on Monday, August 21st.
Cairn Energy PLC (LON CNE) opened at 167.50 on Monday. The company has a 50 day moving average of GBX 173.72 and a 200 day moving average of GBX 199.88. The stock’s market capitalization is GBX 963.07 million. Cairn Energy PLC has a 52 week low of GBX 164.20 and a 52 week high of GBX 250.60.
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In other news, insider Iain McLaren purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of GBX 209 ($2.72) per share, for a total transaction of £52,250 ($68,042.71).
A number of analysts recently issued reports on the company. Barclays PLC restated an “overweight” rating and issued a GBX 240 ($3.13) price target on shares of Cairn Energy PLC in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a GBX 300 ($3.91) price target on shares of Cairn Energy PLC in a research report on Wednesday, May 17th. Macquarie lowered their price target on Cairn Energy PLC from GBX 270 ($3.52) to GBX 242 ($3.15) and set an “outperform” rating for the company in a research report on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 228 ($2.97) price target on shares of Cairn Energy PLC in a research report on Monday, July 3rd. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 275 ($3.58) price target on shares of Cairn Energy PLC in a research report on Tuesday, April 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 256.40 ($3.34).
About Cairn Energy PLC
Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.
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