CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) Receives Consensus Rating of “Hold” from Analysts

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) has received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $5.25.

Several equities research analysts have recently commented on the company. Jefferies Financial Group cut CAIRN ENERGY PL/ADR from a “hold” rating to an “underperform” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating and set a $5.25 price target for the company in a research note on Wednesday, September 11th.

Shares of CAIRN ENERGY PL/ADR stock traded down $0.02 during trading hours on Friday, hitting $5.06. 43,700 shares of the company were exchanged, compared to its average volume of 2,231. CAIRN ENERGY PL/ADR has a 1 year low of $3.52 and a 1 year high of $5.83. The business has a 50-day moving average of $4.70 and a 200-day moving average of $4.31. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -1.47 and a beta of 1.51.


Cairn Energy PLC operates as an oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom; Norway; and the Atlantic Margin, including Senegal, Mexico, Suriname, Côte d'Ivoire, Mauritania, and the Republic of Ireland.

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

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