Barclays Capital Maintains GBX 280.00 Price Target On Cairn Energy PLC (LON:CNE), Maintains Overweight Rating; Magnegas (MNGA) Sellers Decreased By 17.84% Their Shorts

Magnegas Corporation (NASDAQ:MNGA) had a decrease of 17.84% in short interest. MNGA’s SI was 1.05M shares in January as released by FINRA. Its down 17.84% from 1.27 million shares previously. With 501,200 avg volume, 2 days are for Magnegas Corporation (NASDAQ:MNGA)’s short sellers to cover MNGA’s short positions. The stock decreased 8.88% or $0.23 during the last trading session, reaching $2.36. About 506,763 shares traded or 171.99% up from the average. MagneGas Corporation (NASDAQ:MNGA) has declined 77.22% since January 31, 2017 and is downtrending. It has underperformed by 93.92% the S&P500.

Barclays Capital currently has a GBX 280.00 target on the 1.23B GBP market cap company or 32.39% upside potential. In analysts report issued to investors and clients on Wednesday morning, Cairn Energy PLC (LON:CNE) stock had its Overweight Rating restate by research analysts at Barclays Capital.

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. The company has market cap of 1.23 billion GBP. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. It has a 4.78 P/E ratio. The firm also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.

Among 26 analysts covering Cairn Energy PLC (LON:CNE), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. Cairn Energy PLC has GBX 340 highest and GBX 130 lowest target. GBX 227.40’s average target is 7.47% above currents GBX 211.6 stock price. Cairn Energy PLC had 205 analyst reports since August 3, 2015 according to SRatingsIntel. Numis Securities maintained Cairn Energy plc (LON:CNE) on Monday, March 14 with “Hold” rating. The rating was maintained by Canaccord Genuity with “Speculative Buy” on Thursday, November 5. The stock has “Overweight” rating by JP Morgan on Friday, July 15. The company was maintained on Wednesday, February 15 by GMP Securities. The stock of Cairn Energy plc (LON:CNE) has “Hold” rating given on Thursday, August 20 by Numis Securities. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, February 2. On Wednesday, May 10 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Bernstein on Monday, December 7 with “Market Perform”. The stock has “Market Perform” rating by Bernstein on Thursday, August 13. Macquarie Research maintained Cairn Energy plc (LON:CNE) rating on Tuesday, August 29. Macquarie Research has “Outperform” rating and GBX 242 target.