Cairn Energy PLC 23.4% potential upside indicated by JP Morgan

Cairn Energy PLC with ticker (LON:CNE) now has a potential upside of 23.4% according to JP Morgan.



JP Morgan set a target price of 235 GBX for the company, which when compared to the Cairn Energy PLC share price of 180 GBX at opening today (14/12/2021) indicates a potential upside of 23.4%. Trading has ranged between 122 (52 week low) and 240 (52 week high) with an average of 1,426,697 shares exchanging hands daily. The market capitalisation at the time of writing is £913,219,422.

Cairn Energy PLC (Cairn) is a United Kingdom-based independent energy. The Company has explored, discovered, developed and produced oil and gas in a variety of locations globally. Cairn’s exploration activities are focused on the North Sea, North and West Africa and Latin America, underpinned by interests in production and development assets. The Company operates two segments: Eastern and Western exploration assets. The Eastern operating segment includes costs associated with interests in Cote d’Ivoire, Mauritania and Israel. The Western segment holds the costs of the Mexican exploration drilling programme and exploration activity in Suriname. Cairn has interests in four blocks in the Gulf of Mexico, two as Operator (Blocks 9 and 15) and two as non-Operator (Blocks 7 and 10).