Cobalt International Energy Now Covered by Analysts at Mizuho (CIE)
Mizuho assumed coverage on shares of Cobalt International Energy (NYSE:CIE) in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm set a “buy” rating on the stock.
Cobalt International Energy (NYSE:CIE) traded up 0.94% on Thursday, hitting $25.82. The stock had a trading volume of 3,145,415 shares. Cobalt International Energy has a one year low of $19.90 and a one year high of $30.27. The stock’s 50-day moving average is $26. and its 200-day moving average is $26.96. The company’s market cap is $10.507 billion.
Cobalt International Energy (NYSE:CIE) last released its earnings data on Tuesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.04. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Analysts expect that Cobalt International Energy will post $-0.59 EPS for the current fiscal year.
CIE has been the subject of a number of other recent research reports. Analysts at Howard Weil cut their price target on shares of Cobalt International Energy (NYSE:CIE) from $45.00 to $44.00 in a research note to investors on Monday, August 19th. They now have a “sector outperform” rating on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cobalt International Energy (NYSE:CIE) in a research note to investors on Wednesday, July 10th. They now have a $32.00 price target on the stock, up previously from $31.50.
Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $37.13.
Cobalt International Energy, Inc independent, oil-focused exploration and production company with a salt prospect inventory in the deepwater of the United States Gulf of Mexico and offshore Angola and Gabon in West Africa.
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