CAIRN ENERGY PL/ADR (CRNCY) Given Average Recommendation of “Hold” by Brokerages

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded CAIRN ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Friday, November 16th. BMO Capital Markets upgraded CAIRN ENERGY PL/ADR from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Jefferies Financial Group upgraded CAIRN ENERGY PL/ADR from an “underperform” rating to a “hold” rating in a report on Friday, December 14th.

Shares of CRNCY opened at $4.45 on Friday. CAIRN ENERGY PL/ADR has a 52 week low of $3.52 and a 52 week high of $7.23. The firm has a market capitalization of $1.33 billion, a PE ratio of 5.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.75 and a quick ratio of 2.72.

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.

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

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