Cobalt International Energy, Inc. (NYSE:CIE) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.72 and last traded at $1.72, with a volume of 450,466 shares traded. The stock had previously closed at $1.81.

Several research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. Zacks Investment Research lowered shares of Cobalt International Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. reiterated a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. TheStreet assumed coverage on shares of Cobalt International Energy in a research report on Monday, June 5th. They issued a “sell” rating for the company. Finally, Capital One Financial Corporation lowered shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $204.95.

The firm’s market capitalization is $51.38 million. The stock’s 50 day moving average is $2.15 and its 200-day moving average is $4.58.

Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by $0.79. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%. The business had revenue of $13.75 million during the quarter. Equities research analysts anticipate that Cobalt International Energy, Inc. will post ($11.08) EPS for the current year.

In other Cobalt International Energy news, CEO Timothy J. Cutt sold 20,735 shares of Cobalt International Energy 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 23,121 shares of company stock valued at $53,745 over the last three months. Corporate insiders own 2.84% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CIE. KCG Holdings Inc. boosted its stake in shares of Cobalt International Energy by 314.6% during the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after purchasing an additional 173,550 shares during the period. American International Group Inc. boosted its stake in shares of 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 worth $134,000 after purchasing an additional 16,490 shares during the period. OZ Management LP purchased a new position in shares of Cobalt International Energy during the 2nd quarter worth about $150,000. SG Americas Securities LLC purchased a new position in shares of Cobalt International Energy during the 1st quarter worth about $160,000. Finally, Bank of Montreal Can boosted its stake in shares of Cobalt International Energy by 108,695.7% during the 1st quarter. Bank of Montreal Can now owns 300,276 shares of the energy producer’s stock worth $160,000 after purchasing an additional 300,000 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.

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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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