Cobalt International Energy Target of Unusually Large Options Trading (CIE)
Shares of Cobalt International Energy (NYSE:CIE) was the target of some unusual options trading on Monday. Stock traders purchased 7,507 call options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 180% compared to the typical volume of 2,683 call options.
CIE has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of Cobalt International Energy in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $31.00 price target on the stock. Separately, analysts at Howard Weil cut their price target on shares of Cobalt International Energy 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. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cobalt International Energy 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 research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.44.
Shares of Cobalt International Energy (NYSE:CIE) traded down 2.17% during mid-day trading on Monday, hitting $23.89. The stock had a trading volume of 3,705,784 shares. Cobalt International Energy has a 1-year low of $19.90 and a 1-year high of $30.27. The stock’s 50-day moving average is $25.10 and its 200-day moving average is $26.95. The company’s market cap is $9.721 billion.
Cobalt International Energy (NYSE:CIE) last announced its earnings results on Tuesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.04. During the same quarter last year, the company posted ($0.11) earnings per share. Analysts expect that Cobalt International Energy will post $-0.58 EPS for the current fiscal year.
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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