FY2019 Earnings Forecast for CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) Issued By Jefferies Financial Group

CAIRN ENERGY PL/ADR (OTCMKTS:CRNCY) – Research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for CAIRN ENERGY PL/ADR in a report issued on Tuesday, June 25th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Wilson now expects that the energy company will post earnings per share of $0.19 for the year, down from their prior forecast of $0.22. Jefferies Financial Group has a “Underperform” rating on the stock. Jefferies Financial Group also issued estimates for CAIRN ENERGY PL/ADR’s FY2023 earnings at $0.29 EPS.

Several other equities analysts have also recently issued reports on CRNCY. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Macquarie started coverage on shares of Tullow Oil in a research 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 assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.50.

CRNCY stock traded up $0.07 during midday trading on Wednesday, hitting $4.12. The company’s stock had a trading volume of 857 shares, compared to its average volume of 5,703. The firm has a market cap of $1.21 billion, a PE ratio of -1.19 and a beta of 1.55. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $4.19. CAIRN ENERGY PL/ADR has a twelve month low of $3.52 and a twelve month high of $6.64.

About CAIRN ENERGY PL/ADR

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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