Cobalt International Energy, Inc. (NYSE:CIE) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

CIE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Thursday, October 26th. Citigroup Inc. reissued a “sell” rating on shares of Cobalt International Energy in a research note on Monday, November 6th.

Cobalt International Energy (CIE) opened at $0.41 on Thursday. The company has a debt-to-equity ratio of -1.70, a current ratio of 1.61 and a quick ratio of 1.61. Cobalt International Energy has a 52-week low of $0.35 and a 52-week high of $21.90.

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A number of hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its stake in shares of Cobalt International Energy by 36.7% during the 1st quarter. California Public Employees Retirement System now owns 1,059,900 shares of the energy producer’s stock worth $565,000 after purchasing an additional 284,700 shares during the period. KCG Holdings Inc. lifted its stake in shares of Cobalt International Energy by 314.6% during the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after purchasing an additional 173,550 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Cobalt International Energy by 10.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,471,488 shares of the energy producer’s stock worth $785,000 after purchasing an additional 141,822 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Cobalt International Energy by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,104,313 shares of the energy producer’s stock worth $1,123,000 after purchasing an additional 107,589 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Cobalt International Energy during the 2nd quarter worth $257,000. 78.70% of the stock is currently owned by hedge funds and other 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.

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