Barclays Capital reiterated Cairn Energy PLC (LON:CNE) to Overweight in a report released today.
- Updated: February 12, 2017
Yesterday Cairn Energy PLC (LON:CNE) traded 2.09% higher at 216.50GBX. The company’s 50-day moving average is 235.53GBX and its 200-day moving average is 206.80GBX. The last stock close price is up 13.30% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 1,387,123 shares of the stock were exchanged, up from an average trading volume of 1,245,530
Barclays Capital has reiterated Cairn Energy PLC (LON:CNE) to Overweight in a report released on 02/09/2017.
Previously on 2/7/2017, Deutsche Bank reported about Cairn Energy PLC (LON:CNE) raised the target price from 270.00GBX to 275.00GBX. At the time, this indicated a possible upside of 0.27%.
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Cairn Energy PLC has a 52 week low of 137.40GBX and a 52 week high of 250.60GBX CNE’s total market value is presently 0 GBX.
A total of 22 analysts have released a report on Cairn Energy PLC. Two brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 14 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 3 firms rating the stock a sell with a consensus target price of 3.06GBX.
More About Cairn Energy PLC (LON:CNE)
Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company's portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea. The Company has interests in over two the United Kingdom North Sea developments, Catcher and Kraken, and a third development, Skarfjell. Cairn holds approximately 40% interest in over three contiguous blocks offshore Senegal. The Company's subsidiaries include Capricorn Oil Limited, Cairn UK Holdings Limited, Capricorn Spain Limited, Capricorn Malta Limited, Capricorn Greenland Exploration A/S, Capricorn Exploration and Development Company Limited, Capricorn Mauritania Limited, Capricorn Senegal Limited and Capricorn Ireland Limited.
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