Zacks Investment Research Lowers CAIRN ENERGY PL/ADR (CRNCY) to Sell

Zacks Investment Research cut shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Cairn Energy PLC is engaged in the discovery, exploration and development of oil and gas properties in South Asia. The Company has discovered and developed many major fields in India and Bangladesh. Cairn Energy PLC is headquartered in Edinburgh, the United Kingdom. “

Separately, Jefferies Financial Group upgraded CAIRN ENERGY PL/ADR from an underperform rating to a hold rating in a research report on Friday, December 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $5.50.

CRNCY opened at $4.45 on Wednesday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 5.00 and a beta of 1.47. CAIRN ENERGY PL/ADR has a 12 month low of $3.52 and a 12 month high of $7.23. The company has a quick ratio of 2.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.10.


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.

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