Cobalt International Energy Inc. (CIE) Short Interest Down 7.3% in September
Cobalt International Energy Inc. (NYSE:CIE) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 55,591,254 shares, a decrease of 7.3% from the August 31st total of 59,948,877 shares. Based on an average trading volume of 6,603,493 shares, the short-interest ratio is currently 8.4 days. Currently, 16.9% of the shares of the stock are short sold.
In other news, CEO Timothy J. Cutt purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $1.00 per share, with a total value of $100,000.00. Following the acquisition, the chief executive officer now owns 3,085,074 shares in the company, valued at approximately $3,085,074. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Natixis purchased a new position in shares of Cobalt International Energy during the first quarter valued at approximately $111,000. ProShare Advisors LLC boosted its position in shares of Cobalt International Energy by 120.9% in the second quarter. ProShare Advisors LLC now owns 80,910 shares of the company’s stock valued at $108,000 after buying an additional 44,288 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Cobalt International Energy during the second quarter valued at approximately $117,000. Aperio Group LLC boosted its position in shares of Cobalt International Energy by 77.8% in the first quarter. Aperio Group LLC now owns 90,163 shares of the company’s stock valued at $268,000 after buying an additional 39,463 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Cobalt International Energy during the second quarter valued at approximately $152,000.
A number of analysts have recently weighed in on the stock. Deutsche Bank AG cut their price target on shares of Cobalt International Energy from $7.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Tudor Pickering raised shares of Cobalt International Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Finally, Citigroup Inc. dropped their price objective on shares of Cobalt International Energy from $3.00 to $1.00 and set a “neutral” rating for the company in a research note on Monday, August 8th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cobalt International Energy presently has a consensus rating of “Hold” and an average price target of $4.04.
Cobalt International Energy (NYSE:CIE) opened at 1.24 on Friday. The stock’s 50 day moving average is $1.15 and its 200 day moving average is $2.01. The company’s market cap is $508.47 million. Cobalt International Energy has a 1-year low of $0.77 and a 1-year high of $9.43.
Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.38. The company had revenue of $3.17 million for the quarter, compared to the consensus estimate of $4.98 million. During the same period in the prior year, the company posted ($0.16) earnings per share. Equities analysts anticipate that Cobalt International Energy will post ($0.85) earnings per share for the current fiscal year.
Cobalt International Energy Company Profile
Cobalt International Energy Inc is an independent exploration and production company with operations focused in the deepwater the United States Gulf of Mexico. The Company operates through the United States segment. The Company has over four oil and gas discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields.
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