CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) Receives Average Rating of “Hold” from Analysts

Shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) have earned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company.

A number of equities research analysts have weighed in on the stock. Macquarie assumed coverage on shares of Tullow Oil in a research note on Wednesday, May 1st. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $97.00 target price on shares of Prestige Consumer Healthcare in a research note on Friday, March 15th.

CRNCY traded up $0.09 during mid-day trading on Friday, reaching $4.49. 15,536 shares of the company traded hands, compared to its average volume of 9,419. The firm has a market cap of $1.32 billion, a PE ratio of -1.30 and a beta of 1.55. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.36. The stock’s fifty day moving average is $4.19. CAIRN ENERGY PL/ADR has a 52-week low of $3.52 and a 52-week high of $6.64.

CAIRN ENERGY PL/ADR Company Profile

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

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