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Home / Momentum / Cairn Energy PLC (CNE.L) 07-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Cairn Energy PLC (CNE.L) 07-04-20

Will Cairn Energy PLC (CNE.L) continue to rise?

  • Now trading at 98.75p (at time of writing), the share price momentum has been strong.
  • Is this trend your friend?
  • Could this appeal to momentum investors?
  • Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
  • Be mindful of new events and the influence they can have on price action. Check regularly for updates.
  • Shares -52% from 12-month highs; +62% from 12 month lows.

Latest News

03 Apr:  Peel Hunt reiterates its buy rating on Cairn Energy (CNE) and reduced the target price to 120p (from 150p).

16 Mar:  RBC Capital Markets has upgraded its rating on Cairn Energy (CNE) to outperform (from sector performer) and reduced the target price to 120p (from 200p).

10 Mar:  Cairn Energy, the Oil and gas group, moved into a profit on better oil and gas revenues after production figures hit the higher end of previous guidance.

06 Mar:  Peel Hunt reiterates its buy rating on Cairn Energy (CNE) and reduced the target price to 200p (from 230p).

17 Feb:  Cairn Energy announced it and Italian firm Eni had struck oil at the Saasken offshore prospect in Mexico. Cairn has a 15% non-operating interest.

22 Jan:  JP Morgan Cazenove reiterates its overweight rating on Cairn Energy (CNE) and reduced the target price to 259p (from 264p).

15 Jan:  Peel Hunt reiterates its buy rating on Cairn Energy (CNE) and increased the target price to 230p (from 220p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

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