Cairn Energy PLC (LON:CNE) Overweight Rating Has Just Been Reiterated by Barclays Capital

August 16, 2018 - By Tamara Reed

Cairn Energy PLC (LON:CNE) Logo

Cairn Energy PLC (LON:CNE) Rating Reaffirmed

Barclays Capital kept their Overweight rating on Cairn Energy PLC (LON:CNE) in analysts note issued on Thursday morning.

Cairn Energy PLC (LON:CNE) Ratings Coverage

Among 12 analysts covering Cairn Energy PLC (LON:CNE), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Cairn Energy PLC has GBX 306 highest and GBX 225 lowest target. GBX 281.02’s average target is 23.04% above currents GBX 228.4 stock price. Cairn Energy PLC had 29 analyst reports since February 20, 2018 according to SRatingsIntel. The company was maintained on Tuesday, April 17 by Peel Hunt. UBS maintained Cairn Energy PLC (LON:CNE) rating on Monday, July 23. UBS has “Buy” rating and GBX 300 target. The rating was downgraded by BNP Paribas on Wednesday, May 23 to “Neutral”. The rating was maintained by Peel Hunt on Thursday, May 24 with “Add”. The firm has “Outperform” rating given on Thursday, April 5 by BNP Paribas. As per Wednesday, March 14, the company rating was maintained by Barclays Capital. Peel Hunt maintained the shares of CNE in report on Tuesday, March 20 with “Buy” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, March 12. The firm has “Hold” rating by Deutsche Bank given on Wednesday, March 14. The firm earned “Add” rating on Monday, July 9 by Peel Hunt.

The stock decreased 1.89% or GBX 4.4 during the last trading session, reaching GBX 228.4. About 1.21M shares traded. Cairn Energy PLC (LON:CNE) has 0.00% since August 16, 2017 and is . It has underperformed by 12.57% the S&P500.

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. The company has market cap of 1.32 billion GBP. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. It has a 5.13 P/E ratio. The firm also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.

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