Cairn Energy (LON:CNE) Rating Reaffirmed
In analysts report issued to investors and clients on 3 December, The Add rating of Cairn Energy (LON:CNE) shares was maintained by Analysts at AlphaValue, who now has a GBX 155 TP on the stock. AlphaValue’s TP gives a possible upside of 6.46% from the stock price of the company.
From a total of 21 analysts covering Cairn Energy PLC (LON:CNE) stock, 13 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 3.31 while the lowest target price is GBX 1.96. The mean of all analyst targets is GBX 2.65 with a 27.73% above today’s (GBX 146.4) stock price. Cairn Energy PLC was the topic of 39 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 1 with “Buy” rating. Canaccord Genuity maintained shares with “Speculative Buy” rating and GBX 170 target share price in a report from a November 5. Numis Securities maintained CNE stock in a recent report from November 18 with “Hold” rating. Deutsche Bank maintained the rating on October 29. Deutsche Bank has a “Hold” rating and a GBX 220 price target on shares. Finally, Barclays Capital downgraded the stock to “Underweight” rating in a report issued on a November 10.
Approximately 230,212 shares of stock traded hands. Cairn Energy PLC (LON:CNE) has declined 20.79% since May 6, 2015 and is downtrending. It has underperformed by 20.50% the S&P500.
Cairn Energy PLC is a United Kingdom independent gas and oil exploration and development company. The company has a market cap of 851.22 million GBP. The Company’s portfolio is focused in three geographical regions: North West Europe, the Atlantic Margin and the Mediterranean. It currently has negative earnings. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.