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Last 145.20 GBp
Change Today -6.40 / -4.22%
Volume 4.3M
As of 11:35 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

cairn energy plc (CNE) Snapshot

Open
150.00 GBp
Previous Close
151.60 GBp
Day High
151.20 GBp
Day Low
144.80 GBp
52 Week High
02/25/15 - 210.00 GBp
52 Week Low
08/26/15 - 137.40 GBp
Market Cap
836.9M
Average Volume 10 Days
1.9M
EPS TTM
-0.96 GBp
Shares Outstanding
576.3M
EX-Date
02/6/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAIRN ENERGY PLC (CNE)

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cairn energy plc (CNE) Related Businessweek News

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cairn energy plc (CNE) Details

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. Its property portfolio is located in North Atlantic, North West Africa, North West Europe, and the Mediterranean. The company was incorporated in 2002 and is headquartered in Edinburgh, the United Kingdom.

198 Employees
Last Reported Date: 03/27/15
Founded in 2002

cairn energy plc (CNE) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: 960.6K GBP
Chief Financial Officer, Executive Director a...
Total Annual Compensation: 521.6K GBP
Compensation as of Fiscal Year 2014.

cairn energy plc (CNE) Key Developments

Cairn Energy plc Secures a Deal with the Government of Senegal for an Exploration and Improvement Plan

Cairn Energy plc declared that it has secured a deal with the government of Senegal for an exploration and improvement plan that consist of a first program of 3 companies and 3 optional discovery and appraisal wells. The company also affirmed that its Catcher and Kraken field improvements in the UK North Sea are on budget and on time. As significant part of its pact with the government of Senegal, Cairn seeks a 3D seismic data acquisition plan that will start the third quarter of 2015. The company likewise seeks to commence drilling offshore Senegal in the land area just about the SNE-1 discovery well in the fourth quarter of 2015.

Cairn Energy Seeks Acquisitions

Cairn Energy plc (LSE:CNE) is eyeing potential acquisitions in the North Sea. Simon Thomson, Chief Executive Officer of Cairn Energy said that Cairn is looking for acquisitions in the area, where it may become easier to buy good assets at attractive prices amid the downturn.

Cairn Energy plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015; Provides Capital expenditure for the Half Year of 2016

Cairn Energy plc announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported operating loss of $50.00 million against $125.2 million a year ago. Loss before taxation from continuing operations was $234.7 million against $119.7 million a year ago. Loss for the period attributable to equity holders of the parent was $230.3 million against $62.1 million a year ago. Loss per diluted share was $40.35 against $10.80 a year ago. Net cash used in operating activities was $14.4 million against $17.3 million a year ago. Expenditure on intangible exploration/appraisal assets was $151.6 million against $178.4 million a year ago. Expenditure on property, plant & equipment - development/producing assets was $29.2 million against $7.9 million a year ago. Purchase of property, plant & equipment and intangible assets was $0.9 million against $1.5 million a year ago. The company announced that exploration and appraisal capex for the forthcoming programme is projected to be $170 million over second half year of 2015 and first half year of 2016, with spend predominantly in Senegal. Forecast development Capex for the Catcher and Kraken projects remains unchanged, with net cost to Cairn of $615 million from second half year 2015 to expected free cash flow by year-end 2017, as adjusted for completion of the Catcher farm-out.

 

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Valuation CNE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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