Cobalt International Energy SVP Jeffrey A. Starzec Sells 12,500 Shares (CIE)
Cobalt International Energy (NYSE:CIE) SVP Jeffrey A. Starzec sold 12,500 shares of Cobalt International Energy stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $18.56, for a total value of $232,000.00. Following the completion of the sale, the senior vice president now directly owns 155,162 shares in the company, valued at approximately $2,879,807. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cobalt International Energy (NYSE:CIE) traded up 1.03% on Friday, hitting $18.66. The stock had a trading volume of 2,202,116 shares. Cobalt International Energy has a one year low of $13.75 and a one year high of $30.27. The stock’s 50-day moving average is $18.14 and its 200-day moving average is $17.62. The company’s market cap is $7.596 billion.
Cobalt International Energy (NYSE:CIE) last released its earnings data on Thursday, May 1st. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.03. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Analysts expect that Cobalt International Energy will post $-0.69 EPS for the current fiscal year.
A number of research firms have recently commented on CIE. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Cobalt International Energy in a research note on Thursday, June 5th. 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, June 3rd. 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cobalt International Energy currently has a consensus rating of “Buy” and an average price target of $29.75.
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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