Cobalt International Energy, Inc. (CIE) Receives Consensus Recommendation of “Hold” from Analysts
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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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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