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.
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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