Cobalt International Energy, Inc. (NYSE:CIE) has been given an average rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $132.81.

Several research firms have recently commented on CIE. Capital One Financial Corporation lowered shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Citigroup Inc. reiterated a “sell” rating and issued a $1.00 price objective (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. ValuEngine raised shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research raised shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.

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Cobalt International Energy (NYSE CIE) opened at 1.36 on Wednesday. The stock’s 50 day moving average is $1.78 and its 200-day moving average is $3.60. The firm’s market capitalization is $40.16 million. Cobalt International Energy has a 52 week low of $1.32 and a 52 week high of $21.89.

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 analysts’ consensus estimates of ($1.60) by ($0.79). The company had revenue of $13.75 million during the quarter. Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. On average, equities research analysts expect that Cobalt International Energy will post ($11.08) EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its holdings in shares of Cobalt International Energy by 5.0% during the fourth quarter. Teachers Advisors LLC now owns 452,246 shares of the energy producer’s stock valued at $552,000 after purchasing an additional 21,368 shares during the period. Bank of Montreal Can raised its stake in shares of Cobalt International Energy by 108,695.7% during the first quarter. Bank of Montreal Can now owns 300,276 shares of the energy producer’s stock valued at $160,000 after purchasing an additional 300,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cobalt International Energy by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 2,104,313 shares of the energy producer’s stock valued at $1,123,000 after purchasing an additional 107,589 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Cobalt International Energy during the first quarter valued at about $160,000. Finally, American International Group Inc. raised its stake in shares of Cobalt International Energy by 7.0% during the first quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock valued at $134,000 after purchasing an additional 16,490 shares in the last quarter. 79.78% of the stock is owned by institutional investors.

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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