Cobalt International Energy, Inc. (NYSE:CIE) has received an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $176.58.

A number of research firms have weighed in on CIE. Zacks Investment Research downgraded Cobalt International Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Citigroup Inc. cut Cobalt International Energy from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. TheStreet assumed coverage on Cobalt International Energy in a research note on Monday, June 5th. They issued a “sell” rating on the stock. Finally, Capital One Financial Corporation cut Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 21st.

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 value of $48,519.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.84% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CIE. KCG Holdings Inc. boosted its stake in shares of Cobalt International Energy by 314.6% in the first quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock valued at $122,000 after buying an additional 173,550 shares during the last quarter. American International Group Inc. boosted its stake in shares of Cobalt International Energy by 7.0% in the first quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock valued at $134,000 after buying an additional 16,490 shares in the last quarter. OZ Management LP acquired a new stake in shares of Cobalt International Energy during the second quarter valued at about $150,000. SG Americas Securities LLC acquired a new stake in shares of Cobalt International Energy during the first quarter valued at about $160,000. Finally, Bank of Montreal Can boosted 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 in the last quarter.

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Shares of Cobalt International Energy (NYSE CIE) remained flat at $2.22 during trading on Tuesday. 300,611 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $2.38 and its 200-day moving average price is $5.80. Cobalt International Energy has a 1-year low of $1.82 and a 1-year high of $22.34. The stock’s market capitalization is $65.52 million.

Cobalt International Energy (NYSE:CIE) last posted its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by $0.79. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%. The company had revenue of $13.75 million for the quarter. On average, equities analysts expect that Cobalt International Energy will post ($4.77) EPS for the current year.

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)

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