Cairn Energy (CRNCY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Cairn Energy (OTCMKTS:CRNCY) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Cairn Energy PLC is engaged in the discovery, exploration and development of oil and gas properties in South Asia. The Company has discovered and developed many major fields in India and Bangladesh. Cairn Energy PLC is headquartered in Edinburgh, the United Kingdom. “

Separately, Jefferies Group downgraded shares of Cairn Energy from a buy rating to a hold rating in a report on Wednesday, December 20th.

Shares of Cairn Energy (OTCMKTS:CRNCY) opened at $6.49 on Tuesday. Cairn Energy has a fifty-two week low of $4.29 and a fifty-two week high of $6.49. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08.

TRADEMARK VIOLATION NOTICE: “Cairn Energy (CRNCY) Stock Rating Lowered by Zacks Investment Research” was originally published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at

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.

Get a free copy of the Zacks research report on Cairn Energy (CRNCY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Cairn Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cairn Energy and related companies with's FREE daily email newsletter.

Leave a Reply