Cairn Energy (LON: CNE)‘s stock had its “overweight” rating restated by equities researchers at HSBC in a report issued on Thursday. They currently have a $5.65 (350 GBX) target price on the stock.

Cairn Energy opened at 273.20 on Thursday. Cairn Energy has a 1-year low of GBX 245.20 and a 1-year high of GBX 364.90. The company’s market cap is £1.934 billion.

A number of other firms have also recently commented on CNE. Analysts at Liberum Capital Ltd reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Tuesday, September 4th. They now have a $5.71 price target on the stock. Separately, analysts at Barclays Capital reiterated an “equalweight” rating on shares of Cairn Energy in a research note to investors on Monday, September 3rd. They now have a $5.56 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cairn Energy in a research note to investors on Wednesday, August 29th. They now have a $6.11 price target on the stock.

Cairn Energy PLC (Cairn) is an independent oil and gas exploration and development company. It is organized into two business units: Cairn Energy Group and Cairn India Group.

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