Cobalt International Energy (CIE) Given Coverage Optimism Rating of 0.08
News articles about Cobalt International Energy (NYSE:CIE) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cobalt International Energy earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the energy producer an impact score of 45.9926808266827 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Cobalt International Energy, Inc. (CIE) noted a price change of 0.58% and Vista Outdoor Inc. (VSTO) closes with a … – Stocks Gallery (stocksgallery.com)
- Trading Watch: Percentage Price Oscillator is Above Signal for Cobalt International Energy Inc (CIE) – Lockport Press (lockportpress.com)
- Total Signs Agreement with Chevron on Exploration in Deepwater Gulf of Mexico (businesswire.com)
- Analysis on Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays (sbwire.com)
Cobalt International Energy (CIE) traded up 1.78% during mid-day trading on Monday, hitting $1.72. 457,989 shares of the company were exchanged. The company has a 50 day moving average of $1.97 and a 200 day moving average of $4.01. Cobalt International Energy has a 12-month low of $1.58 and a 12-month high of $21.89. The stock’s market cap is $50.79 million.
Cobalt International Energy (NYSE:CIE) last issued its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.79). The business had revenue of $13.75 million during the quarter. Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. On average, equities research analysts expect that Cobalt International Energy will post ($11.08) earnings per share for the current fiscal year.
A number of research firms have commented on CIE. ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Capital One Financial Corporation downgraded shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Citigroup Inc. restated a “sell” rating and set a $1.00 price target (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Sanford C. Bernstein restated a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $204.95.
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In other news, CEO Timothy J. Cutt sold 20,735 shares of the firm’s stock in a transaction dated 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 SEC, which is available at the SEC website. Insiders sold a total of 23,121 shares of company stock worth $53,745 in the last ninety days. Insiders own 2.84% of the company’s stock.
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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