Cobalt International Energy, Inc. (NYSE:CIE) has been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

Several analysts have weighed in on CIE shares. Zacks Investment Research cut shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Citigroup reiterated a “sell” rating on shares of Cobalt International Energy in a research note on Monday, November 6th.

Shares of Cobalt International Energy (CIE) opened at $0.38 on Monday. The company has a debt-to-equity ratio of -1.70, a quick ratio of 1.61 and a current ratio of 1.61. Cobalt International Energy has a 12 month low of $0.35 and a 12 month high of $20.40.

A number of institutional investors have recently modified their holdings of CIE. California Public Employees Retirement System raised its stake in Cobalt International Energy by 36.7% in the 1st quarter. California Public Employees Retirement System now owns 1,059,900 shares of the energy producer’s stock worth $565,000 after purchasing an additional 284,700 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Cobalt International Energy by 1.2% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 303,916 shares of the energy producer’s stock valued at $162,000 after buying an additional 3,501 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Cobalt International Energy in the 2nd quarter valued at approximately $170,000. OZ Management LP acquired a new position in shares of Cobalt International Energy in the 2nd quarter valued at approximately $150,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Cobalt International Energy in the 2nd quarter valued at approximately $257,000. Institutional investors and hedge funds own 71.92% of the company’s stock.

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Cobalt International Energy Company Profile

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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