Insider Selling: Cobalt International Energy Director Sells 2,500 Shares of Stock (CIE)
Cobalt International Energy (NYSE:CIE) Director Jack E. Golden sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $18.16, for a total transaction of $45,400.00. Following the transaction, the director now directly owns 98,398 shares in the company, valued at approximately $1,786,908. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CIE shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Cobalt International Energy in a research note on Thursday. They now have a $30.00 price target on the stock, up previously from $28.00. Separately, analysts at Global Hunter Securities cut their price target on shares of Cobalt International Energy from $33.00 to $27.00 in a research note on Tuesday. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cobalt International Energy in a research note on Wednesday, May 14th. They now have a $23.00 price target on the stock, down previously from $25.00. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cobalt International Energy presently has a consensus rating of “Buy” and a consensus price target of $29.75.
Cobalt International Energy (NYSE:CIE) traded down 0.16% during mid-day trading on Thursday, hitting $18.49. The stock had a trading volume of 11,376,769 shares. Cobalt International Energy has a one year low of $13.75 and a one year high of $30.27. The stock has a 50-day moving average of $18.09 and a 200-day moving average of $17.76. The company’s market cap is $7.527 billion.
Cobalt International Energy (NYSE:CIE) last released its earnings data on Thursday, May 1st. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.03. During the same quarter last year, the company posted ($0.15) earnings per share. Analysts expect that Cobalt International Energy will post $-0.61 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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