News stories about Cobalt International Energy (NYSE:CIE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cobalt International Energy earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the energy producer an impact score of 67 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Company News for July 14, 2017 – Nasdaq (nasdaq.com)
- Insider Trading at Cobalt International Energy Inc.? (ismboard.com)
- Cobalt International Energy, Inc. (CIE) Lifted to Hold at ValuEngine (fumbleboard.com)
- Mid-Afternoon Market Update: Crude Oil Up 1%; DragonWave Shares Plunge – Benzinga (benzinga.com)
- 3 Stocks to Watch on Thursday: Target Corporation (TGT), Delta Air Lines, Inc. (DAL) and Cobalt International Energy … – Investorplace.com (investorplace.com)
A number of equities analysts have commented on CIE shares. Zacks Investment Research lowered Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Citigroup Inc. lowered Cobalt International Energy from a “neutral” rating to a “sell” rating in a research note on Wednesday, May 3rd. Sanford C. Bernstein reissued a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. TheStreet started coverage on Cobalt International Energy in a research note on Monday, June 5th. They issued a “sell” rating on the stock. Finally, Capital One Financial Corporation lowered Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 21st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $301.88.
Cobalt International Energy (NYSE CIE) traded down 3.98% during midday trading on Friday, hitting $2.41. The stock had a trading volume of 554,810 shares. The company’s market capitalization is $71.13 million. Cobalt International Energy has a 52 week low of $2.36 and a 52 week high of $27.15. The company’s 50-day moving average price is $3.56 and its 200 day moving average price is $9.34.
Cobalt International Energy (NYSE:CIE) last released its quarterly earnings data on Monday, May 8th. The energy producer reported ($33.75) earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $14.10 million. On average, analysts expect that Cobalt International Energy will post ($9.10) EPS for the current year.
In related news, CEO Timothy J. Cutt sold 20,735 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $2.34, for a total transaction of $48,519.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.84% of the company’s stock.
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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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