CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company.
A number of equities analysts have commented on CRNCY shares. HSBC downgraded shares of CAIRN ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Zacks Investment Research upgraded shares of CAIRN ENERGY PL/ADR from a “sell” rating to a “hold” rating in a report on Thursday. Canaccord Genuity raised shares of CAIRN ENERGY PL/ADR from a “hold” rating to a “buy” rating in a research note on Wednesday, July 8th. Morgan Stanley cut shares of CAIRN ENERGY PL/ADR from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 3rd. Finally, Berenberg Bank cut shares of CAIRN ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th.
Shares of OTCMKTS:CRNCY opened at $3.29 on Tuesday. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.38. The company has a current ratio of 1.43, a quick ratio of 1.36 and a debt-to-equity ratio of 0.16. CAIRN ENERGY PL/ADR has a 1-year low of $1.28 and a 1-year high of $5.67.
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.
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