Cobalt International Energy (CIE) : During the past 4 weeks, traders have been relatively bearish on Cobalt International Energy (CIE), hence the stock is down -30.97% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -30.5% relative to the S&P 500. The 4-week change in the price of the stock is -29.25% and the stock has fallen -30.2% in the past 1 week.
Cobalt International Energy (NYSE:CIE): The stock was completely flat for the day, closing at $1.04 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.03, the stock touched an intraday high of $1.08 and a low of $0.97. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.04. The total trading volume on Friday was 7,717,744.
The stock has recorded a 20-day Moving Average of 28.28% and the 50-Day Moving Average is 39.89%. Cobalt International Energy, Inc. has dropped 62.99% during the last 3-month period . Year-to-Date the stock performance stands at -80.74%.
Cobalt International Energy (CIE) : The highest short term price target forecast on Cobalt International Energy (CIE) is $6 and the lowest target price is $2. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $3.8 with a standard deviation of $1.48.
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.