Cobalt International Energy Receives New Coverage from Analysts at Sanford C. Bernstein (CIE)
Equities researchers at Sanford C. Bernstein began coverage on shares of Cobalt International Energy (NYSE:CIE) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on CIE. Analysts at Brean Capital initiated coverage on shares of Cobalt International Energy in a research note on Tuesday. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Bernstein initiated coverage on shares of Cobalt International Energy in a research note on Monday. They set an “outperform” rating and a $27.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Cobalt International Energy has an average rating of “Buy” and a consensus price target of $29.04.
In other Cobalt International Energy news, SVP Jeffrey A. Starzec sold 12,500 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $18.56, for a total transaction of $232,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Cobalt International Energy (NYSE:CIE) opened at 18.68 on Tuesday. Cobalt International Energy has a 1-year low of $13.75 and a 1-year high of $30.27. The stock has a 50-day moving average of $18.16 and a 200-day moving average of $17.52. The company’s market cap is $7.604 billion.
Cobalt International Energy (NYSE:CIE) last issued its quarterly 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. On average, analysts predict that Cobalt International Energy will post $-0.67 earnings per share 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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