Brokerages Set CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) PT at $5.25

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Shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.25.

A number of research firms have weighed in on CRNCY. Jefferies Financial Group cut CAIRN ENERGY PL/ADR from a “hold” rating to an “underperform” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating and set a $5.25 price target on the stock in a research note on Wednesday, September 11th.

Shares of CRNCY stock traded up $0.29 during trading hours on Thursday, reaching $4.71. The company had a trading volume of 2,394 shares, compared to its average volume of 3,095. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -1.37 and a beta of 1.56. CAIRN ENERGY PL/ADR has a 12-month low of $3.52 and a 12-month high of $5.83. The stock has a fifty day moving average of $4.87 and a 200-day moving average of $4.36.

About CAIRN ENERGY PL/ADR

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.

See Also: Understanding the Price to Earnings Ratio (PE)

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

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