Cobalt International Energy (CIE) Earning Somewhat Favorable Press Coverage, Report Finds
News articles about Cobalt International Energy (NYSE:CIE) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cobalt International Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the energy producer an impact score of 45.6879515317265 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- ETFs with exposure to Cobalt International Energy, Inc. : September 12, 2017 (finance.yahoo.com)
- FPSO Industry Market Share, Trend, Segmentation and Forecast 2017 (sbwire.com)
- Why Cushing Crude Inventories Rose for the 4th Time in 5 Weeks (finance.yahoo.com)
Several research analysts have commented on CIE shares. ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a report on Friday, July 7th. Citigroup Inc. reiterated a “sell” rating and set a $1.00 price target (down previously from $1.50) on shares of Cobalt International Energy in a report on Saturday, July 22nd. Finally, TheStreet started coverage on shares of Cobalt International Energy in a report on Monday, June 5th. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Cobalt International Energy presently has a consensus rating of “Hold” and a consensus target price of $204.95.
Shares of Cobalt International Energy (CIE) remained flat at $1.70 during mid-day trading on Wednesday. The company had a trading volume of 852,153 shares. Cobalt International Energy has a 52 week low of $1.58 and a 52 week high of $21.89. The company’s 50 day moving average is $2.09 and its 200-day moving average is $4.32. The stock’s market capitalization is $50.20 million.
Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.60) by ($0.79). Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. The firm had revenue of $13.75 million during the quarter. Analysts predict that Cobalt International Energy will post ($11.08) EPS for the current fiscal year.
In other Cobalt International Energy news, CEO Timothy J. Cutt sold 20,735 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $2.34, for a total value of $48,519.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 23,121 shares of company stock valued at $53,745 in the last ninety days. 2.84% of the stock is owned by corporate insiders.
About Cobalt International Energy
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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