Cobalt International Energy, Inc. (CIE) Scheduled to Post Quarterly Earnings on Monday
Cobalt International Energy, Inc. (NYSE:CIE) is scheduled to be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of ($1.58) per share for the quarter.
Cobalt International Energy (NYSE:CIE) last posted its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.60) by ($0.79). The business 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, analysts expect Cobalt International Energy to post $-7.74 EPS for the current fiscal year and $-6.83 EPS for the next fiscal year.
Cobalt International Energy, Inc. (NYSE CIE) remained flat at $1.04 during mid-day trading on Monday. 69,317 shares of the company traded hands. The stock has a 50-day moving average price of $1.47 and a 200-day moving average price of $3.13. Cobalt International Energy, Inc. has a 12-month low of $0.96 and a 12-month high of $21.89. The stock’s market capitalization is $30.71 million.
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Several research firms have weighed in on CIE. Citigroup Inc. reissued a “sell” rating and set a $1.00 price target (down previously from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. Finally, Zacks Investment Research raised Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $144.06.
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.
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