Cobalt International Energy, Inc. (NYSE:CIE)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup Inc. in a research report issued on Monday, MarketBeat reports.

Separately, Zacks Investment Research downgraded Cobalt International Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $90.67.

Cobalt International Energy (NYSE CIE) traded down $0.04 during midday trading on Monday, hitting $0.45. The stock had a trading volume of 342,276 shares, compared to its average volume of 749,925. 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 12 month low of $0.45 and a 12 month high of $21.89.

Cobalt International Energy (NYSE:CIE) last released its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) EPS for the quarter, missing the 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 5,488.60% and a negative return on equity of 1,077.95%. sell-side analysts forecast that Cobalt International Energy will post -8.59 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co. NY lifted its holdings in Cobalt International Energy by 1.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 303,916 shares of the energy producer’s stock valued at $162,000 after purchasing an additional 3,501 shares during the last quarter. American International Group Inc. lifted its holdings in Cobalt International Energy by 7.0% during the 1st quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock valued at $134,000 after purchasing an additional 16,490 shares during the last quarter. OZ Management LP acquired a new stake in Cobalt International Energy during the 2nd quarter valued at $150,000. LMR Partners LLP acquired a new stake in Cobalt International Energy during the 2nd quarter valued at $170,000. Finally, GSA Capital Partners LLP acquired a new stake in Cobalt International Energy during the 2nd quarter valued at $257,000. 79.91% of the stock is owned by institutional investors and hedge funds.

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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