CAIRN ENERGY PL/ADR (CRNCY) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) from a sell rating to a buy rating in a research note released on Tuesday morning. They currently have $5.50 target price on the energy company’s stock.
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. “
Several other research analysts also recently commented on CRNCY. Berenberg Bank downgraded CAIRN ENERGY PL/ADR from a hold rating to a sell rating in a report on Tuesday, August 14th. Investec downgraded CAIRN ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, August 14th. Finally, Jefferies Financial Group downgraded CAIRN ENERGY PL/ADR from a hold rating to a sell rating in a report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $5.50.
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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