CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) Cut to Underperform at Jefferies Financial Group

Jefferies Financial Group lowered shares of CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) from a hold rating to an underperform rating in a report released on Monday, The Fly reports. Jefferies Financial Group also issued estimates for CAIRN ENERGY PL/ADR’s FY2022 earnings at $0.05 EPS and FY2023 earnings at $0.23 EPS.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a research note on Wednesday, June 26th. Macquarie started coverage on shares of Tullow Oil in a research note on Wednesday, May 1st. They set a neutral rating for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $5.50.

Shares of CAIRN ENERGY PL/ADR stock opened at $4.05 on Monday. The business has a fifty day moving average price of $4.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.36. CAIRN ENERGY PL/ADR has a 1-year low of $3.52 and a 1-year high of $6.64. The firm has a market capitalization of $1.19 billion, a PE ratio of -1.17 and a beta of 1.55.

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

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