Cobalt International Energy (CIE) Receiving Positive Media Coverage, Analysis Shows
News headlines about Cobalt International Energy (NYSE:CIE) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty 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 0.27 on Accern’s scale. Accern also assigned news articles about the energy producer an impact score of 46.8788356148261 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Cobalt International Energy, In (NYSE:CIE) Sees Significantly Lower Trading Volume – First News 24 (firstnewspaper24.com)
- How Long Will Production Cuts Help the Global Crude Oil Market? (finance.yahoo.com)
- Brokerages Expect Cobalt International Energy, Inc. (CIE) Will Announce Earnings of -$1.64 Per Share (americanbankingnews.com)
- Cobalt International Energy, Inc. (CIE) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Cobalt International Energy, Inc. Announces Timing of Third Quarter 2017 Financial Results and Conference Call – Business Wire (press release) (businesswire.com)
Cobalt International Energy (NYSE:CIE) traded down 0.0103% on Wednesday, hitting $0.9699. The stock had a trading volume of 362,508 shares. Cobalt International Energy has a 12-month low of $0.92 and a 12-month high of $21.89. The company’s market cap is $28.64 million. The company’s 50 day moving average price is $1.33 and its 200-day moving average price is $2.76.
Cobalt International Energy (NYSE:CIE) last announced its quarterly 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 company had revenue of $13.75 million during the quarter. Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%. Equities research analysts anticipate that Cobalt International Energy will post ($7.74) EPS for the current year.
Several equities analysts have recently issued reports on CIE shares. Zacks Investment Research cut Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. Finally, Citigroup Inc. reiterated a “sell” rating and issued a $1.00 price objective (down previously from $1.50) on shares of Cobalt International Energy in a research note on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $143.94.
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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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