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Cairn Energy PLC

CNE.L

Latest Trade

125.60GBp

Change

-3.50(-2.71%)

Volume

881,819

Today's Range

124.70

 - 

129.30

52 Week Range

57.35

 - 

210.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
129.10
Open
127.20
Volume
881,819
3M AVG Volume
17.91
Today's High
129.30
Today's Low
124.70
52 Week High
210.00
52 Week Low
57.35
Shares Out (MIL)
589.55
Market Cap (MIL)
761.66
Forward P/E
-30.08
Dividend (Yield %)
--

Next Event

Half Year 2020 Cairn Energy PLC Earnings Release

Latest Developments

More

Cairn Energy To Sell Interest In RSSD Production Sharing Contract

Woodside Petroleum To Acquire Capricorn Senegal's Participating Interest In RSSD JV

Cairn Energy Announces Sale Of Senegal Interests And Special Dividend

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About Cairn Energy PLC

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.

Industry

Oil & Gas Operations

Contact Info

50 Lothian Road

EDINBURGH, TX

EH3 9BY

United Kingdom

+44.131.4753000

https://www.cairnenergy.com/

Executive Leadership

Ian Paul Tyler

Independent Non-Executive Chairman of the Board

Simon John Thomson

Chief Executive, Executive Director

James Smith

Chief Financial Officer, Executive Director

Duncan Wood

Company Secretary

Erik B. Daugbjerg

Independent Non-Executive Director

Key Stats

2.29 mean rating - 17 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

0.0K

2018

0.4K

2019

0.5K

2020(E)

0.4K
EPS (USD)

2017

-0.050

2018

0.170

2019

0.090

2020(E)

-0.055
Price To Earnings (TTM)
8.10
Price To Sales (TTM)
1.82
Price To Book (MRQ)
0.67
Price To Cash Flow (TTM)
2.83
Total Debt To Equity (MRQ)
19.44
LT Debt To Equity (MRQ)
16.48
Return on Investment (TTM)
6.47
Return on Equity (TTM)
5.83

Latest News

Latest News

Cairn Energy to pay special dividend after $400 million Senegal interests sale

Oil and gas producer Cairn Energy <CNE.L> said on Monday it will sell its Senegal interests to Russia's LUKOIL <LKOH.MM> for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%.

Cairn Energy to pay special dividend after $400 mln Senegal interests sale

Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia's LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after the completion of the sale.

UPDATE 1-FAR says it is in default over Senegal Sangomar project

Australian-listed oil and gas company FAR Ltd said on Wednesday its Senegalese unit had defaulted on its obligations to the Sangomar joint venture, as the company looked to sell its interest in the project.

BRIEF-Cairn Energy Says Ehecatl-1 Exploration Well Did Not Find Reservoired Hydrocarbons

* CAIRN ENERGY PLC - OPERATIONS HAVE BEEN COMPLETED ON ENI OPERATED EHECATL-1 EXPLORATION WELL ON BLOCK 7

BRIEF-Cairn Energy Sees 2020 Exploration Capex Down To $100 Mln

* SIGNIFICANT REDUCTIONS & DEFERRALS BEEN IDENTIFIED FOR 2020 PROGRAMME, REPRESENTING OVERALL 23% REDUCTION IN CAPITAL EXPENDITURE FOR YEAR

Cairn Energy reduces Senegal, UK spending plans

Oil and gas producer Cairn Energy <CNE.L> on Friday reduced investment plans by about a fifth, following the fall of oil prices <LCOc1> to less than $30 a barrel.

Cairn revises up Kraken oil field reserves, reversing impairment

Cairn Energy <CNE.L> on Tuesday revised up reserves at its British North Sea Kraken oil field, which is majority-owned by EnQuest <ENQ.L>, effectively reversing a $163 million impairment it had booked on a Kraken downgrade a year ago.

Norway's Solveig buys oilfield operator Capricorn from Cairn

Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Wednesday.

U.S. court upholds ex-HSBC executive's conviction for foreign-exchange scheme

A U.S. appeals court on Thursday upheld the conviction of a former HSBC Holdings Plc executive who was sentenced to two years in prison for defrauding Cairn Energy Plc in a $3.5 billion currency trade.

U.S. court upholds ex-HSBC executive's conviction for foreign-exchange scheme

A U.S. appeals court on Thursday upheld the conviction of a former HSBC Holdings Plc executive who was sentenced to two years in prison for defrauding Cairn Energy Plc in a $3.5 billion currency trade.

Ireland's Cairn Homes to pay out dividend, start buyback

Ireland's largest publicly listed housebuilder Cairn Homes <CRN.L> on Thursday announced plans to buy back shares and issue a dividend for the first time, saying Brexit was having no impact on the market for homes for first-time buyers.

CORRECTED-Sri Lanka to start oil production in 2023; Total, Equinor to study potential

Sri Lanka has enlisted French major Total and Norway's Equinor to study the hydrocarbon potential of two blocks, saying it aims to start oil production in the island nation in 2023.

EnQuest shares slump to three-year low after partner downgrades Kraken oilfield reserves

British oil firm EnQuest's shares slumped to a three-year low on Tuesday after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oilfield's reserves by around a fifth.

Cairn, Woodside award first contracts for Senegal oil project

* Woodside and Cairn Energy awarded front-end engineering contracts for Senegal's first oil project, a key step before a final investment decision expected in mid-2019, Woodside said on Monday.

Vedanta seeks U.S. oil services consortium for new India blocks

India's Vedanta Resources <VDNRF.PK> wants U.S. oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company's chairman said on Thursday.

Norway wealth fund ends exclusion of investment in Cairn, Kosmos

Norway's sovereign wealth fund, the world's largest, will no longer exclude Cairn Energy Plc <CNE.L> and Kosmos Energy Ltd <KOS.N> from its portfolio of investments, the Norwegian central bank said on Tuesday.

REFILE-Norway wealth fund ends its exclusion of Cairn, Kosmos

Norway's sovereign wealth fund, the world's largest, will no longer exclude Cairn Energy Plc and Kosmos Energy Ltd from its portfolio of investments, the Norwegian central bank said on Tuesday.

Cairn says Indian tax office sold $216 million of Vedanta shares

Cairn Energy <CNE.L> said on Monday it would write down the value of its investment in Vedanta Ltd <VDAN.NS> after Indian tax authorities sold $216 million (162.20 million pounds) worth of its shares in the Indian mining company in a dispute over retrospective tax dues.

Cairn says Indian tax office sells $216m of Vedanta shares

Cairn Energy said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company.

Cairn buys into Seacrest-backed British North Sea oilfield

Cairn Energy <CNE.L> has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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