Cairn Energy (CRNCY) Downgraded to Hold at Jefferies Group
Jefferies Group cut shares of Cairn Energy (OTCMKTS:CRNCY) from a buy rating to a hold rating in a report issued on Wednesday, Marketbeat reports. Jefferies Group also issued estimates for Cairn Energy’s FY2017 earnings at $0.93 EPS.
Shares of Cairn Energy (OTCMKTS:CRNCY) opened at $5.72 on Wednesday. Cairn Energy has a 1 year low of $4.29 and a 1 year high of $6.15. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.08.
Cairn Energy Company Profile
Cairn Energy PLC operates as an oil and gas exploration, development, and production company. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. The company also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.
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