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Cairn Energy

Current Price 96.60p Bid 60.00p Ask 110.00p Change 4.66%
Last Updated: 07/04/2020 01:27. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

Oil and gas exploration group Cairn Energy operates in Bangladesh and Nepal. Following the flotation of Cairn India Limited on 9 January 2007, the Group's interests in India are now operated by Cairn India Limited.

Financial Highlights Year Ended 31/12/2019

Revenue
$533.40m
Operating Profit/Loss
$154.90m
Dividend yield (%)
n/a
Total dividend for year
$n/a
Dividend cover
n/a
P/E Ratio
12.30

Key Personnel

Simon Thomson
Chief Executive Officer
James Smith
Chief Financial Officer

Stock Details

EPIC
CNE
ISIN
GB00B74CDH82
Shares in Issue
589.55m
Market cap
£569.51m

Analyst Views (4)

Strong Buy
 
0%
Buy
 
75.00%
Hold
 
25.00%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
96.60p
Bid Price
60.00p
Ask Price
110.00p
Volume
2,730,633
Change Today
4.30p
% Change Today
4.66%
Open
95.75p
Previous Close
96.60p
Intraday High
117.60p
Intraday Low
93.65p
52 Week High
207.80p
52 Week Low
60.70p
52 week high and low figures quoted above are calculated from intraday price data.

Cairn Energy News

FTSE 250 movers: Hopes of Russian-Saudi detente boosts oilers 02 Apr 2020 | 15:48 Cairn Energy slashes costs amid pandemic, oil price collapse 27 Mar 2020 | 10:40 FTSE 250 movers: Oil and Gas, and construction stocks move higher 24 Mar 2020 | 21:45 Cairn Energy swings to FY profit on improved revenues 10 Mar 2020 | 11:59 FTSE 250 movers: Travel and oil related issues pace declines 05 Mar 2020 | 20:10 Cairn Energy makes new oil discovery in Mexico's Sureste Basin 17 Feb 2020 | 09:39 Cairn Energy 2019 production at top end of guidance 21 Jan 2020 | 08:16 Cairn Energy and partners sign final investment decision on Sangomar 15 Jan 2020 | 08:04 Monday broker round-up 13 Jan 2020 | 14:02 Friday broker round-up 10 Jan 2020 | 12:59 Cairn Energy confirms progress at Sangomar in Senegal 09 Jan 2020 | 09:01 Wednesday broker round-up 18 Dec 2019 | 13:30 Cairn Energy offloads Norway operation Capricorn Norge for $100m 27 Nov 2019 | 08:02 Cairn Energy expects Indian arbitration outcome next year; Alom-1 well dry 28 Oct 2019 | 08:08 Cairn Energy's Chimera wildcat well dry 17 Oct 2019 | 09:07 Thursday broker round-up 10 Oct 2019 | 13:47 FTSE 250 movers: CYBG climbs, gold miners lose their shine 13 Sep 2019 | 16:03 FTSE 250 movers: Spectris surges, Cairn Energy drops 12 Sep 2019 | 14:59 Higher production helps Cairn Energy swing to H1 profit 10 Sep 2019 | 07:23 RBC bumps up target price for Cairn Energy 16 Aug 2019 | 15:55 Cairn sells 10% interest in Nova development for $59.5m 06 Aug 2019 | 07:14 FTSE 250 movers: Metro Bank chugs lower, CLS Holdings climbs 17 Jul 2019 | 16:56 FTSE 250 movers: Contour crushed, Just Group leaps 13 Jun 2019 | 17:45 Cairn Energy sees production within guidance 17 May 2019 | 07:44 Monday broker round-up 13 May 2019 | 13:55

Income Statement

Year End Date
31 Dec 2019
31 Dec 2018
 
$ (M)
$ (M)
Continuing Operations
Revenue
533.40
410.30
Operating Profit/Loss
154.90
-129.00
Net Interest
-33.60
-17.30
Pre-Tax Profit
119.50
-1,211.60
Profit After Tax from continuing operations
119.20
-1,122.20
Discontinued Operations
Profit After Tax
-25.60
-13.30
Profit/Loss for the Year
93.60
-1,135.50
Attributable to:
Equity Holders of Parent Company
93.60
-1,135.50
Minority Interests
n/a
n/a
Total Dividend Paid
$n/a
$n/a
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2019
31 Dec 2018
Basic
20.48c
-193.30c
Diluted
20.27c
-193.30c
Adjusted
16.08c
-195.59c
Dividend per Share
$n/a
$n/a

Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
$ (M)
$ (M)
Non-Current Assets
Property, Plant & Equipment
1,418.90
1,030.80
Intangible Assets
245.90
720.90
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
7.70
Current Assets
Inventories
13.80
8.20
Trade & Other Receivables
111.20
91.20
Cash at Bank & In Hand
146.50
66.30
Current Asset Investments
n/a
n/a
Other Current Assets
9.20
76.40
Other Assets
143.50
n/a
Total Assets
2,089.00
2,001.50

Liabilities

Year End Date
31 Dec 2019
31 Dec 2018
 
$ (M)
$ (M)
Current Liabilities
Borrowings
43.10
44.70
Other Current Liabilities
153.10
127.90
Total Current Liabilities
196.20
172.60
Non-Current Liabilities
Borrowings
239.80
222.40
Provisions
141.20
185.60
Other Non-Current Liabilities
18.70
30.80
Total Non-Current Liabilities
399.70
438.80
Other Liabilities
37.60
n/a
Total Liabilities
633.50
611.40

Net Assets

Year End Date
31 Dec 2019
31 Dec 2018
 
$ (M)
$ (M)
Net Assets
1,455.50
1,390.10

Capital & Reserves

Year End Date
31 Dec 2019
31 Dec 2018
 
$ (M)
$ (M)
Share Capital
12.60
12.60
Share Premium Account
489.80
489.70
Other Reserves
91.20
127.60
Retained Earnings
861.90
760.20
Shareholders Funds
1,455.50
1,390.10
Minority Interests/Other Equity
n/a
n/a
Total Equity
1,455.50
1,390.10

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment

Dividend Metrics

Year End Date
31 Dec 2019
31 Dec 2018
Dividend growth
n/a%
n/a%
Dividend yield
n/a%
n/a%
Dividend cover
n/a
n/a
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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