Cairn Energy PLC (OTCMKTS:CRNCY) Given Average Rating of “Hold” by Brokerages

Shares of Cairn Energy PLC (OTCMKTS:CRNCY) have earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company.

CRNCY has been the subject of a number of research reports. Zacks Investment Research raised Cairn Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Cairn Energy in a research note on Thursday, March 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Cairn Energy in a research note on Thursday, January 21st. Finally, Peel Hunt raised Cairn Energy to a “hold” rating in a research note on Wednesday, January 20th.

Shares of CRNCY remained flat at $$4.85 during midday trading on Monday. Cairn Energy has a 1-year low of $3.05 and a 1-year high of $6.87. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.21 billion, a P/E ratio of 21.09 and a beta of 2.25. The company has a 50-day simple moving average of $4.64 and a 200-day simple moving average of $4.76.

Cairn Energy Company Profile

Cairn Energy PLC operates as an independent oil and gas exploration, development, and production company. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Mauritania, Cote d'Ivoire, Mexico, and Suriname. The company was founded in 1980 and is headquartered in Edinburgh, the United Kingdom.

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Analyst Recommendations for Cairn Energy (OTCMKTS:CRNCY)

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