Today RBC Capital Markets Reiterates a Outperform Rating on Cairn Energy (LON:CNE) and a GBX 190 Target Price

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Cairn Energy (LON:CNE) Rating Reaffirmed

RBC Capital Markets now has a GBX 190 Estimated Target Price on shares of Cairn Energy (LON:CNE). The Estimated Target Price may mean a potential upside of 35.23% from the last stock price of Cairn Energy (LON:CNE). This rating was revealed to clients and investors in an analyst note on Friday morning.

From a total of 20 analysts covering Cairn Energy PLC (LON:CNE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 3.3 while the lowest target price is GBX 1.95. The mean of all analyst targets is GBX 2.64 with a 26.69% above today’s (GBX 137.9) stock price. Cairn Energy PLC was the topic of 44 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. FirstEnergy Capital maintained shares on December 14 with “Market Perform” rating. Jefferies maintained shares with “Buy” rating and GBX 175 target share price in a report from a December 1. Bernstein maintained CNE stock in a recent report from December 7 with “Market Perform” rating. Credit Suisse maintained the rating on November 19. Credit Suisse has a “Underperform” rating and a GBX 145 price target on shares. Finally, AlphaValue maintained the stock with “Add” rating in a report issued on a December 3.

It is down 21.51% since May 21, 2015 and is downtrending. It has underperformed by 17.71% the S&P500.

Today RBC Capital Markets Reiterates a Outperform Rating on Cairn Energy (LON:CNE) and a GBX 190 Target Price

Cairn Energy PLC is a United Kingdom independent gas and oil exploration and development company. The company has a market cap of 796.23 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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