UBS upgrades Cairn Energy
5th Aug 2016 10:14
(ShareCast News) - The value in Cairn Energy´s shares was underappreciated, analysts at UBS said, pointing out various sources of potential upside for the stock to back up their case. For starters, the oil exploration outfit was set to test projects in Senegal that might give it access to several hu
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreCairn Energy rallies on UBS upgrade to 'buy'
5th Aug 2016 08:20
(ShareCast News) - Cairn Energy got a boost on Friday as UBS upgraded the stock to 'buy' from 'neutral' following recent underperformance, with an unchanged price target of 220p. The bank said several potential sources are emerging in Cairn. Firstly, it said the resumption of drilling in Senegal lat
Read moreBroker tips: Cairn Energy, Lancashire, Countrywide
28th Jul 2016 13:34
(ShareCast News) - Cairn Energy shares rose on Thursday as RBC Capital Markets raised its rating on the stock to 'outperform' from 'sector perform' and reiterated a target price of 260p. "We view the recent share price weakness as an opportunity to take a position in Cairn ahead of the first half re
Read moreRBC upgrades Cairn Energy to 'outperform'
28th Jul 2016 12:22
(ShareCast News) - Cairn Energy shares rose on Thursday as RBC Capital Markets raised its rating on the stock to 'outperform' from 'sector perform' and reiterated a target price of 260p. "We view the recent share price weakness as an opportunity to take a position in Cairn ahead of the first half re
Read moreBroker tips: Sky, Cairn Energy, FTSE 100
19th Jul 2016 15:38
(ShareCast News) - Shares in Sky rose on Tuesday as RBC Capital Markets lifted its rating on the stock to 'outperform' from 'underperform' and raised its target price to 1,100p from 1,000p. "Our view reflects (1) the lower share price; (2) de-risking of rights renewal in Germany; (3) upside from mob
Read moreCairn Energy shares fall on Canaccord downgrade
19th Jul 2016 08:49
(ShareCast News) - Cairn Energy was on Tuesday downgraded by Canaccord Genuity to a 'hold' rating from 'buy' and its target price cut to 220p from 240p. The downgrade follows news that Woodside Petroleum has agreed to pay $430m for ConocoPhillips' 35% stake in Senegal offshore oil joint venture, SNE
Read moreEnQuest rises 13% as it denies government rescue talks
20th Jun 2016 08:56
(ShareCast News) - Heavily indebted North Sea oil producer EnQuest has denied media reports that it is in talks with the UK Oil and Gas Authority (OAG) about contingency plans. The government body fears insolvencies at Enquest and mid-cap peer Premier Oil, the Sunday Telegraph reported, and is mulli
Read moreRBC downgrades Cairn until 2017 drilling plans are confirmed
6th Jun 2016 10:31
(ShareCast News) - RBC Capital Markets downgraded Cairn Energy to 'sector perform' from 'outperform' and cut the price target to 250p from 260p until 2017 drilling plans are confirmed. The Canadian bank said drilling success at the SNE field offshore Senegal has provided a welcome exception to recen
Read moreCairn Energy finds oil at Senegal well
19th May 2016 08:21
(ShareCast News) - FTSE 250 oil and gas company Cairn Energy has successfully drilled the SNE-4 appraisal well offshore Senegal. The company said initial results confirm oil bearing upper reservoir sands of similar quality to those encountered as gas bearing elsewhere in the field. A gross oil colu
Read moreFTSE 250 movers: TalkTalk slumps while Vedanta Resources rebounds
13th May 2016 14:45
(ShareCast News) - The FTSE 250 fell 0.40% to 16,593.06 in afternoon trade on Friday. TalkTalk was among the biggest fallers on London's index, a day after saying full year profits more than halved following a cyber attack on its systems last October, which cost £42m. The telecoms provider reported
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreCairn Energy reports positive results from Senegal field
11th Apr 2016 07:29
(ShareCast News) - Cairn Energy said positive drilling results off Senegal had provided definitive evidence of the scale and extent of the SNE field. "The BEL-1 appraisal results have provided definitive information confirming the northern extent of the high quality reservoirs seen in the other well
Read moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
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