Cobalt International Energy, Inc. (NYSE:CIE) – Equities research analysts at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for shares of Cobalt International Energy in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst R. Tullis now expects that the energy producer will post earnings of ($2.26) per share for the quarter, down from their prior estimate of ($1.28). Capital One Financial Corporation has a “Underweight” rating on the stock. Capital One Financial Corporation also issued estimates for Cobalt International Energy’s Q4 2017 earnings at ($2.09) EPS, FY2017 earnings at ($9.14) EPS and FY2018 earnings at ($6.46) EPS.

Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($0.79). The firm had revenue of $13.75 million for the quarter. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%.

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Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Citigroup Inc. reiterated a “sell” rating and issued a $1.00 price objective (down from $1.50) on shares of Cobalt International Energy in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $160.25.

A number of institutional investors have recently added to or reduced their stakes in CIE. Cobalt Capital Management Inc. purchased a new position in Cobalt International Energy in the 1st quarter valued at approximately $325,000. SG Americas Securities LLC purchased a new position in Cobalt International Energy in the 1st quarter valued at approximately $160,000. California Public Employees Retirement System grew its stake in Cobalt International Energy by 36.7% in the 1st quarter. California Public Employees Retirement System now owns 1,059,900 shares of the energy producer’s stock valued at $565,000 after buying an additional 284,700 shares in the last quarter. KCG Holdings Inc. grew its stake in Cobalt International Energy by 314.6% in the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock valued at $122,000 after buying an additional 173,550 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Cobalt International Energy by 10.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,471,488 shares of the energy producer’s stock valued at $785,000 after buying an additional 141,822 shares in the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.

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.

Earnings History and Estimates for Cobalt International Energy (NYSE:CIE)

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