Cobalt International Energy (CIE) Getting Somewhat Positive Press Coverage, Report Shows
Headlines about Cobalt International Energy (NYSE:CIE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cobalt International Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the energy producer an impact score of 45.950860769688 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Cobalt International Energy (NYSE:CIE) traded up 0.58% on Tuesday, hitting $1.74. The stock had a trading volume of 354,084 shares. The company’s market capitalization is $51.38 million. The firm has a 50 day moving average price of $1.99 and a 200 day moving average price of $4.06. Cobalt International Energy has a one year low of $1.58 and a one year high of $21.89.
Cobalt International Energy (NYSE:CIE) last posted its quarterly earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.60) by ($0.79). The company 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, equities research analysts predict that Cobalt International Energy will post ($11.80) earnings per share for the current fiscal year.
CIE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. ValuEngine upgraded Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Sanford C. Bernstein restated a “market perform” rating on shares of Cobalt International Energy in a report on Friday, July 7th. Citigroup Inc. restated a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a report on Saturday, July 22nd. Finally, TheStreet initiated coverage on Cobalt International Energy in a report on Monday, June 5th. They issued a “sell” rating on the stock. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Cobalt International Energy currently has an average rating of “Hold” and a consensus price target of $204.95.
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In other news, CEO Timothy J. Cutt sold 20,735 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $2.34, for a total value of $48,519.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 23,121 shares of company stock worth $53,745. 2.84% of the stock is currently owned by company 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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