Cairn Energy

CNE: 161.20 -4.80 (-2.89%) delayed: 23 Aug 2019, 18:45

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Cairn Energy Fundamentals

Share Price Information

Name Cairn Energy
Epic CNE
Sector Exploration & Production
ISIN GB00B74CDH82
Activites Cairn Energy plc is one of Europe's leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange. Cairn has discovered and developed oil and gas reserves in a variety of locations around the world. Cairn's business operations are now focused on frontier exploration acreage in North West Europe, North West Africa and the North Atlantic, underpinned by interests in development assets in the North Sea. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Norway, Senegal and Mexico.
Index FTSE 250

Key numbers

Latest Share price (p) 161.20 Net gearing (%) 27.24
Market capitalisation (£m) 978.59 Gross gearing (%) 30.55
Shares in issue (m) 589.51 Debt ratio 23.99
P/E ratio -0.85 Debt-to-equity ratio 0.72
Total dividends per share (p) 0.00 Assets / equity ratio 1.44
Dividend yield (%) 0.00 Price to book value 0.70
Dividend cover 0.00 ROCE (%) -69.22
Earning per share (p) -195.59 EPS growth (%) -529.11
52-week high / low (p) 247.60 / 138.00 DPS growth (%) n/a

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 410 -1,136 -195.59 USD
31 Dec 2017 Full Year 33 263 45.58 USD
31 Dec 2016 Full Year 0 -95 -16.56 USD

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year

Contact details

Company name Cairn Energy
Address 50 Lothian Road, Edinburgh EH3 9BY.
Telephone +44 (0)1314 753 000
Website http://www.cairnenergy.com/

Advisors

Company's broker Jefferies Hoare Govett
Company's joint broker Morgan Stanley Securities
NOMAD N M Rothschild
Registrar Equiniti
Auditors PricewaterhouseCoopers LLP
Solicitors Shepherd+ Wedderburn LLP

Directors

Appointed Director Position
17 Nov 2006 Simon John Thomson Chief Executive Officer
15 May 2014 James Donald Smith Finance Director
28 Jun 2013 Ian Paul Tyler Non-Executive Chairman
14 May 2015 Keith Geddes Lough Non-Executive Director
01 Sep 2015 Peter Stephen Kallos Non-Executive Director
14 May 2003 Todd Mclean Hunt Non-Executive Director
10 Jan 2017 Nicoletta Carla Maria Giadrossi Non-Executive Director
20 May 2010 Alexander Ferdinand Diederik Berger Non-Executive Director
01 Jul 2019 Alison Jane Wood Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 1,023 1,207 735
Intangible asssets and goodwill 721 619 590
Investments and other non-current assets 16 1,211 658
Total non-current assets 1,759 3,037 1,983
Inventory / work in progress 8 10 0
Trade and other receivables 91 83 114
Cash and equivalents 66 87 335
Other current assets and asset held for resale 76 38 26
Total of all assets 2,002 3,256 2,458
Liabilities (£m) 2018 2017 2016
Short term liabilities 173 258 123
Long term liabilities 439 503 145
Other liabilites / pension etc 0 0 0
Total of all liabilities 611 761 268
Net assets (£m) 2018 2017 2016
Net assets 1,390 2,495 2,190
Equity (£m) 2018 2017 2016
Share capital 13 13 12
Minority interests 0 0 0
Retained earnings 760 1,659 1,381
Share premium account 490 488 488
Other equity 128 336 309
Total equity 1,390 2,495 2,190
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 209 29 -21
Cashflow before financing -69 -268 -268
Increase / decrease in Cash -21 -250 -272
Income (£m) 2018 2017 2016
Turnover 410 33 0
Cost of sales 303 27 0
Gross profit 108 7 0
Operating profit -182 -105 -148
Pre-tax profit -1,266 256 -152
Profit / loss for the year -1,136 263 -95