CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) Expected to Post FY2019 Earnings of $0.17 Per Share

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) – Equities researchers at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for CAIRN ENERGY PL/ADR in a report released on Monday, July 15th. Jefferies Financial Group analyst M. Wilson now forecasts that the energy company will post earnings of $0.17 per share for the year, down from their prior forecast of $0.19. Jefferies Financial Group currently has a “Underperform” rating on the stock. Jefferies Financial Group also issued estimates for CAIRN ENERGY PL/ADR’s FY2020 earnings at $0.08 EPS and FY2021 earnings at $0.05 EPS.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Macquarie began coverage on Tullow Oil in a report on Wednesday, May 1st. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.50.

Shares of CRNCY opened at $3.94 on Thursday. CAIRN ENERGY PL/ADR has a 1 year low of $3.52 and a 1 year high of $6.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.36 and a current ratio of 1.40. The stock has a 50 day moving average of $4.19. The firm has a market cap of $1.16 billion, a PE ratio of -1.14 and a beta of 1.55.

CAIRN ENERGY PL/ADR Company Profile

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom; Norway; and the Atlantic Margin, including Senegal, Mexico, Suriname, Côte d'Ivoire, Mauritania, and the Republic of Ireland.

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Earnings History and Estimates for CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY)

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