Cobalt International Energy, Inc. (NYSE:CIE) will announce its earnings results before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of ($1.19) per share for the quarter.

Cobalt International Energy (NYSE:CIE) last posted its earnings results on Monday, May 8th. The energy producer reported ($33.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($29.25) by $4.50. The business had revenue of $9.87 million for the quarter, compared to analyst estimates of $14.10 million. Cobalt International Energy had a negative net margin of 10,396.82% and a negative return on equity of 1,077.95%. On average, analysts expect Cobalt International Energy to post $-7.21 EPS for the current fiscal year and $-5.77 EPS for the next fiscal year.

Cobalt International Energy, Inc. (NYSE:CIE) opened at 2.48 on Monday. The company’s 50 day moving average is $2.89 and its 200 day moving average is $7.81. The firm’s market cap is $73.20 million. Cobalt International Energy, Inc. has a 12-month low of $2.12 and a 12-month high of $23.99.

In related 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 transaction of $48,519.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.84% of the stock is currently owned by corporate insiders.

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Several research firms have commented on CIE. Sanford C. Bernstein downgraded shares of Cobalt International Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $450.00 to $270.00 in a research report on Thursday, May 4th. Zacks Investment Research downgraded shares of Cobalt International Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. reissued a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday. ValuEngine raised shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Capital One Financial Corporation downgraded shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $283.29.

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.

Earnings History for Cobalt International Energy (NYSE:CIE)

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