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

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CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

A number of equities research analysts have commented on the company. Zacks Investment Research downgraded CAIRN ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Berenberg Bank downgraded CAIRN ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Finally, Investec downgraded CAIRN ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th.

Shares of OTCMKTS CRNCY traded down $0.26 during mid-day trading on Friday, hitting $5.87. 100 shares of the company were exchanged, compared to its average volume of 13,859. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.85 and a quick ratio of 0.81. CAIRN ENERGY PL/ADR has a 1-year low of $4.54 and a 1-year high of $7.23. The company has a market cap of $1.80 billion, a PE ratio of 6.60 and a beta of 1.32.

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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