Cobalt International Energy (CIE) Receives ‘Analyst’ Rating

Cobalt International Energy (CIE) has an average broker rating of 2.14, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 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 (CIE) : The highest level Cobalt International Energy (CIE) is projected to reach is $6 for the short term and the lowest estimate is at $1. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $3.6 and the possibility the share price can swing is $1.82.


Also, Equity Analysts at the Brokerage Firm, Tudor Pickering, upgrades their rating on the shares of Cobalt International Energy (NYSE:CIE). Tudor Pickering has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 18, 2016.

Cobalt International Energy (NYSE:CIE): The stock opened in the green at $0.967 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $0.967 and a low of $0.821 for the day. The stock did not find buyers even at the lows and closed at $0.87 recording a loss of -3.12%. 13,215,580 shares exchanged hands during the trading day. The stock had closed at $0.898 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.