Cobalt International Energy, Inc. (NYSE:CIE) has received an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $401.25.

CIE has been the subject of a number of analyst reports. Citigroup Inc. lowered their target price 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. 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. Zacks Investment Research downgraded shares of Cobalt International Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Sanford C. Bernstein downgraded shares of Cobalt International Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $450.00 to $270.00 in a research note on Thursday, May 4th. Finally, ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st.

Cobalt International Energy (NYSE:CIE) traded down 1.59% during mid-day trading on Friday, hitting $2.48. The stock had a trading volume of 791,169 shares. Cobalt International Energy has a 52-week low of $2.12 and a 52-week high of $24.00. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $7.81. The stock’s market cap is $73.20 million.

Cobalt International Energy (NYSE:CIE) last issued its earnings results on Monday, May 8th. The energy producer reported ($33.75) EPS for the quarter, missing analysts’ consensus estimates of ($29.25) by $4.50. The firm had revenue of $9.87 million for the quarter, compared to analyst estimates of $14.10 million. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 10,396.82%. On average, analysts forecast that Cobalt International Energy will post ($6.53) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/21/cobalt-international-energy-inc-nysecie-given-average-rating-of-hold-by-brokerages.html.

In other Cobalt International Energy news, CEO Timothy J. Cutt sold 20,735 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $2.34, for a total value of $48,519.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.84% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Cobalt International Energy during the fourth quarter valued at $1,888,000. Cobalt Capital Management Inc. acquired a new stake in shares of Cobalt International Energy during the first quarter valued at $325,000. Proxima Capital Management LLC increased its stake in shares of Cobalt International Energy by 8.5% in the first quarter. Proxima Capital Management LLC now owns 4,800,000 shares of the energy producer’s stock valued at $2,560,000 after buying an additional 375,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Cobalt International Energy during the first quarter valued at $160,000. Finally, Bank of Montreal Can increased its stake 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.

Cobalt International Energy Company Profile

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)

Receive News & Ratings for Cobalt International Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cobalt International Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.