Jefferies Group Downgrades Cairn Energy (CRNCY) to Hold

Cairn Energy (OTCMKTS:CRNCY) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Cairn Energy (OTCMKTS CRNCY) opened at $5.67 on Wednesday. Cairn Energy has a 52-week low of $4.29 and a 52-week high of $6.15. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08.

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About Cairn Energy

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. The company also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.

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