Cobalt International Energy, Inc. (NYSE:CIE)‘s stock had its “market perform” rating restated by equities research analysts at Sanford C. Bernstein in a note issued to investors on Friday.

Several other equities research analysts also recently issued reports on CIE. Citigroup Inc. decreased their price objective on shares of Cobalt International Energy from $225.00 to $112.50 and set a “neutral” rating for the company in a research note on Monday, March 27th. Zacks Investment Research downgraded shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. TheStreet started coverage on shares of Cobalt International Energy in a research note on Monday, June 5th. They set a “sell” rating for the company. Capital One Financial Corporation downgraded shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $301.88.

Cobalt International Energy (CIE) opened at 2.23 on Friday. The stock’s market cap is $65.82 million. Cobalt International Energy has a 12 month low of $2.18 and a 12 month high of $27.14. The firm has a 50-day moving average of $3.56 and a 200 day moving average of $9.34.

Cobalt International Energy (NYSE:CIE) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($33.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($29.25) by $4.50. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 10,396.82%. The business had revenue of $9.87 million for the quarter, compared to analysts’ expectations of $14.10 million. Analysts anticipate that Cobalt International Energy will post ($9.10) EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA increased its position in shares of Cobalt International Energy by 55.7% in the fourth quarter. Federated Investors Inc. PA now owns 170,454 shares of the energy producer’s stock valued at $208,000 after buying an additional 60,958 shares during the period. A.R.T. Advisors LLC increased its position in shares of Cobalt International Energy by 927.9% in the fourth quarter. A.R.T. Advisors LLC now owns 149,041 shares of the energy producer’s stock valued at $181,000 after buying an additional 134,541 shares during the period. Norges Bank purchased a new position in shares of Cobalt International Energy during the fourth quarter valued at $1,888,000. Teachers Advisors LLC increased its position in shares of Cobalt International Energy by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 452,246 shares of the energy producer’s stock valued at $552,000 after buying an additional 21,368 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Cobalt International Energy by 108,695.7% in the first quarter. Bank of Montreal Can now owns 300,276 shares of the energy producer’s stock valued at $160,000 after buying an additional 300,000 shares during the period.

About Cobalt International Energy

Cobalt International Energy, Inc is an independent exploration and production company. The Company has its operations focused in the deepwater United States Gulf of Mexico. The Company also has a non-operated interest in the Diaba Block offshore Gabon in West Africa. The Company’s exploration efforts in the United States Gulf of Mexico has resulted in four oil and natural gas discoveries including the North Platte, Shenandoah, Anchor and Heidelberg fields.

Analyst Recommendations for Cobalt International Energy (NYSE:CIE)

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