RBC Capital Markets Reconfirms Cairn Energy (LON:CNE) As a “Outperform”; They Now Have a TP Of GBX 190

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Cairn Energy (LON:CNE) Rating Reaffirmed

Analysts at RBC Capital Markets now has a GBX 190 Estimated Target Price on Cairn Energy (LON:CNE). RBC Capital Markets and their recent Estimated Target Price gives a potential upside of 32.50% from the company’s last stock price. The rating has been shown in a comprehensive report on Thursday morning.

From a total of 20 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 3.32 while the lowest target price is GBX 1.96. The mean of all analyst targets is GBX 2.67 with a 26.33% above today’s (GBX 141.5) stock price. Cairn Energy PLC was the topic of 42 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Market Perform” rating. Numis Securities maintained shares with “Hold” rating and GBX 157 target share price in a report from a November 18. AlphaValue maintained CNE stock in a recent report from December 3 with “Add” rating. Liberum Capital maintained the rating on November 10. Liberum Capital has a “Hold” rating and a GBX 165 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 19.

Approximately 314,100 shares of stock traded hands. Cairn Energy PLC (LON:CNE) has declined 24.69% since May 13, 2015 and is downtrending. It has underperformed by 22.76% the S&P500.

RBC Capital Markets Reconfirms Cairn Energy (LON:CNE) As a

Cairn Energy PLC is a United Kingdom independent gas and oil exploration and development company. The company has a market cap of 804.24 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.

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