CAIRN ENERGY PL/ADR (CRNCY) Downgraded by Royal Bank of Canada

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, The Fly reports.

A number of other equities research analysts have also commented on CRNCY. Zacks Investment Research raised CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Morgan Stanley upgraded CAIRN ENERGY PL/ADR from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, January 15th. Jefferies Financial Group upgraded CAIRN ENERGY PL/ADR from an “underperform” rating to a “hold” rating in a research note on Friday, December 14th. Finally, 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.50.

Shares of OTCMKTS CRNCY traded up $0.22 during trading hours on Friday, hitting $4.90. The stock had a trading volume of 247 shares, compared to its average volume of 3,363. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 5.51 and a beta of 1.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.72 and a current ratio of 2.75. CAIRN ENERGY PL/ADR has a 52 week low of $3.52 and a 52 week high of $7.23.

CAIRN ENERGY PL/ADR Company Profile

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.

Read More: No Load Funds

The Fly

Analyst Recommendations for CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY)

Receive News & Ratings for CAIRN ENERGY PL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAIRN ENERGY PL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply