Short Term Price Target on Cobalt International Energy (CIE)

Cobalt International Energy (NYSE:CIE) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $3. The average forecast of all the analysts is $6.42 and the expected standard deviation is $2.84.

Cobalt International Energy, Inc. has lost 30.57% in the last five trading days and dropped 36.19% in the last 4 weeks. Cobalt International Energy, Inc. has dropped 54.73% during the last 3-month period . Year-to-Date the stock performance stands at -75.19%. Also, Major Brokerage house, Citigroup maintains its ratings on Cobalt International Energy (NYSE:CIE). In the latest research report, Citigroup lowers the target price from $6 per share to $3 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 7, 2016.

Cobalt International Energy (NYSE:CIE) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cobalt International Energy (NYSE:CIE): The stock opened at $1.35 on Thursday but the bulls could not build on the opening and the stock topped out at $1.40 for the day. The stock traded down to $1.32 during the day, due to lack of any buying support eventually closed down at $1.34 with a loss of -2.19% for the day. The stock had closed at $1.37 on the previous day. The total traded volume was 5,310,333 shares.

In an insider trading activity,The officer (Executive Vice President) of Cobalt International Energy, Inc., Painter James H. sold 5,879 shares at $2.18 on February 19, 2016. The Insider selling transaction had a total value worth of $12,816. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments: the U.S. Gulf of Mexico and West Africa. The Company is focused on drilling exploration wells on its below-salt exploration portfolio, which has resulted in the ten discoveries. The Companys ten discoveries consist of North Platte, Heidelberg, Shenandoah and Anchor in the United States Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar and Orca offshore Angola; and Diaman offshore Gabon. In addition, it has interest in the Yucatan discovery in the United States Gulf of Mexico. With these discoveries, its focus areas include project appraisal and development, continued exploration and new ventures.

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