Cairn Energy logo

CNE - Cairn Energy Share Price

125.2p 0.4  0.3%

Last Trade - 29/05/20

Sector
Energy
Size
Mid Cap
Market Cap £738.1m
Enterprise Value £844.5m
Revenue £432.1m
Position in Universe 421st / 1825
Bullish
Bearish
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Qualifying GuruScreens
Financial Summary
FINANCIAL BRIEF: : For the fiscal year ended 31 December 2019, Cairn Energy PLC revenues increased 30% to $533.4M. Net income before extraordinary items totaled $119.2M vs. loss of $1.12B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Other Non Rec. I/E - Non Business Activ. decrease from $713.1M (expense) to $0K, G/L on Invest HFS.
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS 2019 /  2020
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Profile Summary

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company's portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea. The Company has interests in over two the United Kingdom North Sea developments, Catcher and Kraken, and a third development, Skarfjell. Cairn holds approximately 40% interest in over three contiguous blocks offshore Senegal. The Company's subsidiaries include Capricorn Oil Limited, Cairn UK Holdings Limited, Capricorn Spain Limited, Capricorn Malta Limited, Capricorn Greenland Exploration A/S, Capricorn Exploration and Development Company Limited, Capricorn Mauritania Limited, Capricorn Senegal Limited and Capricorn Ireland Limited.

Directors
Last Annual December 31st, 2019
Last Interim December 31st, 2019
Incorporated January 7, 2002
Public Since December 22, 1988
No. of Shareholders: n/a
No. of Employees: 188
Sector Energy
Industry Oil & Gas
Index FTSE All Share , FTSE All Share Resources , FTSE All Share Oil & Gas , FTSE 350 , FTSE 350 Lower Yield , FTSE 250 , FTSE 350 Oil & Gas , ,
Exchange London Stock Exchange (Full)
Shares in Issue 589,552,585
Free Float (0.0%)
Eligible for
ISAs
SIPPs
CNE Share Price Performance
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Latest News for CNE
Upcoming Events for CNE
Wednesday 3rd June, 2020
Cairn Energy PLC at UBS Global Industrials and Transportation Conference (Virtual)
Tuesday 8th September, 2020
Half Year 2020 Cairn Energy PLC Earnings Release
Frequently Asked Questions for Cairn Energy
What is the Cairn Energy share price?

As of 29/05/20, shares in Cairn Energy are trading at 125.2p, giving the company a market capitalisation of £738.1m. This share price information is delayed by 15 minutes.

How has the Cairn Energy share price performed this year?

Shares in Cairn Energy are currently trading at 125.2p and the price has moved by -22.72% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Cairn Energy price has moved by -11.78% over the past year.

What are the analyst and broker recommendations for Cairn Energy?

Of the analysts with advisory recommendations for Cairn Energy, there are there are currently 5 "buy" , 3 "hold" and 1 "sell" recommendations. The overall consensus recommendation for Cairn Energy is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Cairn Energy next release its financial results?

Cairn Energy is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2020-12-31
What is the Cairn Energy dividend yield?

Cairn Energy does not currently pay a dividend.

Does Cairn Energy pay a dividend?

Cairn Energy does not currently pay a dividend.

When does Cairn Energy next pay dividends?

Cairn Energy does not currently pay a dividend.

How do I buy Cairn Energy shares?

To buy shares in Cairn Energy you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Cairn Energy?

Shares in Cairn Energy are currently trading at 125.2p, giving the company a market capitalisation of £738.1m.

Where are Cairn Energy shares listed? Where are Cairn Energy shares listed?

Here are the trading details for Cairn Energy:

Country of listing: United Kingdom
Exchange: LSE
Ticker Symbol: CNE
What kind of share is Cairn Energy?

Based on an overall assessment of its quality, value and momentum, Cairn Energy is currently classified as a Contrarian. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Cairn Energy share price forecast 2020?

Shares in Cairn Energy are currently priced at 125.2p. At that level they are trading at 52.7% discount to the analyst consensus target price of 264.69.

Analysts covering Cairn Energy currently have a consensus Earnings Per Share (EPS) forecast of 0.011 for the next financial year.

How can I tell whether the Cairn Energy share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Cairn Energy. Over the past six months, the relative strength of its shares against the market has been -18.29%. At the current price of 125.2p, shares in Cairn Energy are trading at -20.36% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Cairn Energy PE Ratio?

The Cairn Energy PE ratio based on its reported earnings over the past 12 months is 17.79. The shares are currently trading at 125.2p.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Cairn Energy?

Cairn Energy's management team is headed by:

James Smith - CFO
Simon Thomson - CEO
Ian Tyler - NEC
Duncan Wood - SEC
Nicoletta Giadrossi - NID
Peter Kallos - NID
Todd Hunt - NED
Catherine Krajicek - NID
Who are the major shareholders of Cairn Energy?

Here are the top five shareholders of Cairn Energy based on the size of their shareholding:

MFS Investment Management Investment Advisor/Hedge Fund
Percentage owned: 13.7% (80.8m shares)
BlackRock Investment Management (UK) Ltd. Investment Advisor/Hedge Fund
Percentage owned: 8.37% (49.3m shares)
Aberdeen Standard Investments (Edinburgh) Investment Advisor
Percentage owned: 8% (47.2m shares)
Hotchkis and Wiley Capital Management, LLC Investment Advisor
Percentage owned: 4.16% (24.5m shares)
The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 4.01% (23.7m shares)
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