Cobalt International Energy Receives Consensus Rating of “Buy” from Brokerages (NYSE:CIE)
Cobalt International Energy (NYSE:CIE) has received an average rating of “Buy” from the sixteen analysts that are covering the stock, Stock Ratings Network reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.03.
Shares of Cobalt International Energy (NYSE:CIE) opened at 14.20 on Tuesday. Cobalt International Energy has a 1-year low of $13.54 and a 1-year high of $29.79. The stock’s 50-day moving average is $16.79 and its 200-day moving average is $17.61. The company’s market cap is $5.781 billion.
Cobalt International Energy (NYSE:CIE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.06. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Analysts expect that Cobalt International Energy will post $-0.85 EPS for the current fiscal year.
A number of analysts have recently weighed in on CIE shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Cobalt International Energy in a research note on Wednesday. They now have a $22.00 price target on the stock, down previously from $27.00. Separately, analysts at RBC Capital cut their price target on shares of Cobalt International Energy from $22.00 to $18.00 in a research note on Wednesday. Finally, analysts at Howard Weil cut their price target on shares of Cobalt International Energy from $40.00 to $35.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
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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