BMO Capital Markets lowered shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) from an outperform rating to a market perform rating in a research note released on Monday, The Fly reports.
CRNCY has been the topic of several other research reports. Zacks Investment Research cut CAIRN ENERGY PL/ADR from a buy rating to a hold rating in a research report on Tuesday, November 12th. Morgan Stanley raised CAIRN ENERGY PL/ADR from an equal weight rating to an overweight rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. CAIRN ENERGY PL/ADR currently has an average rating of Hold and an average target price of $5.25.
Shares of CRNCY stock opened at $5.25 on Monday. The stock has a market capitalization of $1.54 billion, a PE ratio of -1.52 and a beta of 1.52. CAIRN ENERGY PL/ADR has a 52-week low of $3.67 and a 52-week high of $5.83. The stock’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.62.
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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