Shares of Cobalt International Energy, Inc. (NYSE:CIE) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $176.58.

Several research firms recently commented on CIE. Zacks Investment Research upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Citigroup Inc. reiterated a “sell” rating and issued a $1.00 price target (down previously from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. ValuEngine upgraded shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Capital One Financial Corporation downgraded shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st.

In other news, CEO Timothy J. Cutt sold 20,735 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $2.34, for a total transaction of $48,519.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 23,121 shares of company stock valued at $53,745. 2.84% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Cobalt International Energy during the 2nd quarter worth $257,000. OZ Management LP acquired a new position in shares of Cobalt International Energy during the 2nd quarter worth $150,000. LMR Partners LLP acquired a new position in shares of Cobalt International Energy during the 2nd quarter worth $170,000. Goldman Sachs Group Inc. grew its stake in shares of Cobalt International Energy by 10.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,471,488 shares of the energy producer’s stock worth $785,000 after purchasing an additional 141,822 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Cobalt International Energy by 1.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 303,916 shares of the energy producer’s stock worth $162,000 after purchasing an additional 3,501 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.

Cobalt International Energy (CIE) traded up 0.882% during mid-day trading on Friday, hitting $1.715. 358,275 shares of the stock were exchanged. Cobalt International Energy has a 52-week low of $1.58 and a 52-week high of $21.89. The firm’s market cap is $50.64 million. The company has a 50 day moving average price of $2.09 and a 200 day moving average price of $4.32.

Cobalt International Energy (NYSE:CIE) last released its quarterly earnings results on Tuesday, August 8th. The energy producer reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.60) by ($0.79). Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. The business had revenue of $13.75 million during the quarter. On average, analysts anticipate that Cobalt International Energy will post ($11.08) EPS for the current year.

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About Cobalt International Energy

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.

Analyst Recommendations for Cobalt International Energy (NYSE:CIE)

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