CAIRN ENERGY PL/ADR (CRNCY) Upgraded at BMO Capital Markets
CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday.
Several other research firms also recently weighed in on CRNCY. Zacks Investment Research upgraded shares of CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Jefferies Financial Group raised shares of CAIRN ENERGY PL/ADR from an “underperform” rating to a “hold” rating in a research note on Friday, December 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.50.
OTCMKTS:CRNCY traded down $0.05 during mid-day trading on Friday, hitting $4.45. 1,682 shares of the company’s stock traded hands, compared to its average volume of 62,138. The company has a current ratio of 2.75, a quick ratio of 2.72 and a debt-to-equity ratio of 0.10. CAIRN ENERGY PL/ADR has a 1 year low of $3.52 and a 1 year high of $7.23. The company has a market capitalization of $1.33 billion, a P/E ratio of 5.00 and a beta of 1.47.
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.
Further Reading: Hedge Funds Explained
Receive News & Ratings for CAIRN ENERGY PL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAIRN ENERGY PL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.