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

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CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) has earned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

CRNCY has been the topic of a number of recent research reports. Zacks Investment Research downgraded CAIRN ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Jefferies Financial Group downgraded CAIRN ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Finally, BMO Capital Markets raised CAIRN ENERGY PL/ADR from a “market perform” rating to an “outperform” rating in a research report on Friday.

Shares of OTCMKTS CRNCY opened at $4.45 on Friday. The company has a market capitalization of $1.33 billion, a PE ratio of 5.00 and a beta of 1.47. CAIRN ENERGY PL/ADR has a twelve month low of $3.52 and a twelve month high of $7.23. The company has a quick ratio of 2.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.10.

About CAIRN ENERGY PL/ADR

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: How To Calculate Debt-to-Equity Ratio

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

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