Barclays downgrades Premier Oil, Cairn Energy
10th Nov 2015 10:00
(ShareCast News) - Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations. Cairn Energy is lowered to 'underweight' from 'equalwei
Read moreCredit Suisse sees slow recovery in oil, cuts targets
9th Sep 2015 09:06
(ShareCast News) - Demand for oil will recover as will prices, but more slowly and from a lower base, creating a challenge for European exploration and production companies, according to new research from Credit Suisse. "A prolonged downturn as we now envision creates greater challenges to the Europ
Read moreFTSE 250 movers: Booker gains on JPM note, commodity stocks slide
4th Sep 2015 16:12
(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the
Read moreWednesday tips round up: Wood Group, Cairn Energy
19th Aug 2015 10:22
(ShareCast News) - Oil services firm Wood Group delivered a "creditable" performance so far this financial year, the Financial Times' Lex wrote. In its latest interim results, Wood Group delivered higher profit margins despite a collapse in oil investment, flattered by a couple of one off income gai
Read moreFTSE 250 movers: Index moves sideways despite mining losses
18th Aug 2015 14:23
(ShareCast News) - The FTSE 250 ambled sideways on Tuesday, with falling shares of a host of miners balanced by better than expected inflation data from the Office for National Statistics. At 1515 BST, London's mid-cap index was up 13 points at 17,622.1. Cairn Energy was the major faller, as shares
Read moreLondon open: Stocks open flat ahead of UK inflation figures
18th Aug 2015 08:32
(ShareCast News) - London stocks opened flat on Tuesday ahead of the release of UK inflation data which is expected to show a pick-up in growth. Analysts predict consumer prices rose 0.9% in July compared to a year ago, after a 0.8% gain a month ago. While the Bank of England is targeting 2% inflat
Read moreCairn Energy slumps as first-half loss widens on impairment charge
18th Aug 2015 07:26
(ShareCast News) - Shares in Cairn Energy fell sharply after the oil and gas exploration group posted a wider-than-expected first-half loss after tax on the back of a $177m impairment charge. Cairn, which has no revenue as its focus is purely on exploration work, posted a loss after tax of $230m fro
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreBroker tips: Melrose, Cairn Energy, Vodafone
24th Jul 2015 13:44
(ShareCast News) - Numis upgraded Melrose Industries to 'add' from 'hold', keeping the target price at 290p saying upside should come from the next meaningful acquisition. "We estimate that a major purchase could add over 10% to earnings, leaving the shares trading at a discount to peers, with poten
Read moreCairn Energy boosted by SocGen upgrade to 'hold'
24th Jul 2015 11:04
(ShareCast News) - Cairn Energy got a boost on Friday after Societe Generale upgraded the stock to 'hold' from 'sell' and raised the price target to 180p from 165p, saying the risk/reward has improved. The bank said it was taking a more neutral view based on Senegal exposure. In a world of lower co
Read moreFTSE 250 movers: Acacia and Cairn diverge on Credit Suisse ratings
23rd Jul 2015 15:35
(ShareCast News) - The FTSE 250 lost its early gains on Thursday, down by 0.18% at 17,614.36 just before the close with a mixed bag of sectors tugging the index to and fro. Acacia Mining was lifted by positive comment from Credit Suisse, which in a "stress test" of its European gold coverage for low
Read moreCredit Suisse starts Cairn Energy at 'underperform'
22nd Jul 2015 13:53
(ShareCast News) - Credit Suisse initiated coverage of Cairn Energy at 'underperform' with a target price of 185p. It said Cairn is in the process of rebuilding its asset portfolio after generating significant value through exploration success in India, destroying value through unsuccessful explorat
Read moreTullow Oil drops as Investec reviews UK oil & gas stocks
15th Jul 2015 11:33
(ShareCast News) - Investec downgraded four UK oil and gas stocks and upgraded one as it took a look at the sector. Investec downgraded Tullow Oil to 'sell' from 'hold' and slashed its price target to 170p from 385p. Put simply, it said you'd have to believe in significantly higher oil prices or M&A
Read moreBroker tips: HSBC, Cairn Energy, Taylor Wimpey
10th Jun 2015 12:18
Far from setting out a bold revamp of its strategy, HSBC is bent on 'defending the Empire', which may lead to its loss, a leading broker said. The lender's investor update published on 9 June revealed how management continues to underestimate the negatives of running a complex global universal banki
Read moreCairn Energy raised to 'buy' by Citigroup; says Senegal resource potential under-appreciated
10th Jun 2015 12:07
Citigroup upgraded Cairn Energy to 'buy' from 'neutral' and raised the price target to 250p from 207p. It said the company's resource potential offshore Senegal is under-appreciated, while the stock's valuation looks attractive. "We believe Cairn's emerging resource position offshore Senegal can be
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