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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. OZ Management LP bought a new stake in Cobalt International Energy in the 2nd quarter worth approximately $150,000. LMR Partners LLP bought a new stake in Cobalt International Energy in the second quarter valued at approximately $170,000. GSA Capital Partners LLP bought a new stake in Cobalt International Energy in the second quarter valued at approximately $257,000. KCG Holdings Inc. lifted its position in Cobalt International Energy by 314.6% in the first quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock valued at $122,000 after purchasing an additional 173,550 shares during the last quarter. Finally, American International Group Inc. lifted its position in Cobalt International Energy by 7.0% in the first 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. 72.08% of the stock is owned by institutional investors.

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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.

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