Cobalt International Energy (CIE) Receives Daily News Sentiment Rating of 0.17
Press coverage about Cobalt International Energy (NYSE:CIE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cobalt International Energy earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the energy producer an impact score of 45.9550783421412 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Cobalt International Energy, In (CIE) Saw a 52-Week High – First News 24 (firstnewspaper24.com)
- Cobalt International Energy Inc (CIE) Chart Update & Technical Review – Evergreen Caller (evergreencaller.com)
- Cobalt International Energy, Inc. Announces Second Quarter 2017 Results and Provides Operational Update – Business Wire (press release) (businesswire.com)
- Investor Network: Cobalt International Energy, Inc. to Host Earnings Call (finance.yahoo.com)
Several equities research analysts have recently weighed in on CIE shares. ValuEngine raised Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research lowered Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. Citigroup Inc. reissued a “sell” rating and set a $1.00 price objective (down from $1.50) on shares of Cobalt International Energy in a research note on Saturday, July 22nd. Finally, TheStreet started coverage on Cobalt International Energy in a research note on Monday, June 5th. They set a “sell” rating for the company. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $204.95.
Cobalt International Energy (NYSE:CIE) traded up 6.13% during mid-day trading on Tuesday, hitting $2.25. The stock had a trading volume of 852,389 shares. The company’s market cap is $66.41 million. The company has a 50-day moving average price of $2.48 and a 200 day moving average price of $6.72. Cobalt International Energy has a 1-year low of $1.82 and a 1-year high of $22.35.
Cobalt International Energy (NYSE:CIE) last announced its quarterly earnings results on Monday, May 8th. The energy producer reported ($33.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($29.25) by $4.50. Cobalt International Energy had a negative net margin of 10,396.82% and a negative return on equity of 1,077.95%. The firm had revenue of $9.87 million during the quarter, compared to analyst estimates of $14.10 million. Equities research analysts forecast that Cobalt International Energy will post ($4.53) EPS for the current fiscal year.
In other news, CEO Timothy J. Cutt sold 20,735 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.84% of the stock is owned by insiders.
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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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