Cobalt International Energy (CIE) Receives Price Target

Cobalt International Energy (CIE) : 5 Wall Street analysts covering Cobalt International Energy (CIE) believe that the average level the stock could reach for the short term is $3.6. The maximum price target given is $6 and the minimum target for short term is around $1, hence the standard deviation is calculated at $1.82.

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.


Also, Brokerage firm Tudor Pickering upgrades its rating on Cobalt International Energy (NYSE:CIE). The shares have been rated Buy. 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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.21 and $1.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.23, notching a gain of 2.50% for the day. The total traded volume was 2,648,947 . The stock had closed at $1.20 on the previous day.

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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