Cairn Energy (LON:CNE) Stock Crosses Above 200 Day Moving Average of $160.71
Cairn Energy PLC (LON:CNE) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 160.71 ($2.10) and traded as high as GBX 184.70 ($2.41). Cairn Energy shares last traded at GBX 183 ($2.39), with a volume of 795,304 shares traded.
CNE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Cairn Energy from GBX 210 ($2.74) to GBX 226 ($2.95) and gave the stock an “overweight” rating in a research report on Thursday, January 21st. Canaccord Genuity reduced their price objective on shares of Cairn Energy from GBX 220 ($2.87) to GBX 210 ($2.74) and set a “hold” rating for the company in a research note on Thursday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 300 ($3.92) target price on shares of Cairn Energy in a research report on Thursday, January 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Cairn Energy presently has a consensus rating of “Hold” and an average target price of GBX 180.33 ($2.36).
The business has a fifty day moving average price of GBX 187.79 and a two-hundred day moving average price of GBX 160.71. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 22.01. The company has a market cap of £947.80 million and a price-to-earnings ratio of -3.04.
Cairn Energy Company Profile (LON:CNE)
Cairn Energy PLC operates as an independent oil and gas exploration, development, and production company. It holds a portfolio of exploration, development, and production assets in the United Kingdom, Israel, Mauritania, Senegal, Cote d'Ivoire, Mexico, and Suriname. The company was incorporated in 2002 and is headquartered in Edinburgh, the United Kingdom.
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