Cobalt International Energy (CIE) Sees Unusually-High Trading Volume
Cobalt International Energy, Inc. (NYSE:CIE) saw unusually-high trading volume on Tuesday . Approximately 1,889,692 shares changed hands during trading, an increase of 191% from the previous session’s volume of 650,165 shares.The stock last traded at $0.43 and had previously closed at $0.39.
CIE has been the subject of several recent analyst reports. Zacks Investment Research raised Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Citigroup reissued a “sell” rating on shares of Cobalt International Energy in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Cobalt International Energy currently has an average rating of “Hold” and an average target price of $90.67.
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 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.
Receive News & Stock Ratings for Cobalt International Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cobalt International Energy Inc. and related stocks with our FREE daily email newsletter.