Macquarie Begins Coverage on CAIRN ENERGY PL/ADR (CRNCY)

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Macquarie began coverage on shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) in a research note released on Wednesday morning, Automated Import reports. The brokerage issued an outperform rating on the energy company’s stock.

A number of other equities analysts have also weighed in on CRNCY. Zacks Investment Research lowered shares of CAIRN ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, January 31st. Royal Bank of Canada lowered shares of CAIRN ENERGY PL/ADR from an outperform rating to a sector perform rating in a report on Friday, March 15th. BMO Capital Markets upgraded shares of CAIRN ENERGY PL/ADR from a market perform rating to an outperform rating in a report on Friday, January 11th. Finally, Morgan Stanley upgraded shares of CAIRN ENERGY PL/ADR from an underweight rating to an equal weight rating in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $5.50.

OTCMKTS CRNCY remained flat at $$4.25 during mid-day trading on Wednesday. CAIRN ENERGY PL/ADR has a one year low of $3.52 and a one year high of $7.23. The company has a market capitalization of $1.25 billion, a PE ratio of -1.23 and a beta of 1.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.36 and a current ratio of 1.40.


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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