Positive News Coverage Very Likely to Affect Cobalt International Energy (CIE) Share Price
Media coverage about Cobalt International Energy (NYSE:CIE) has trended positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a unit of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cobalt International Energy earned a news sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also assigned media coverage about the energy producer an impact score of 85 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Alpha One Sentiment’s scoring:
- Cobalt International Energy, Inc. (CIE) Receives $1.37 Consensus Price Target from Brokerages (cote-ivoire.com)
- Cobalt International Energy, Inc. (NYSE:CIE) reported Sales of 16.8 Million (graffiotech.com)
- How Cobalt International Energy Stock Performed Last Week (finance.yahoo.com)
- How Analysts’ Ratings Have Changed for Cobalt in the Last Month (finance.yahoo.com)
- Cobalt International Energy (CIE) Getting Positive News Coverage, Report Shows (americanbankingnews.com)
CIE has been the subject of several recent research reports. Citigroup Inc reduced their target price on shares of Cobalt International Energy from $1.00 to $0.50 and set a “neutral” rating for the company in a research note on Monday, March 27th. Zacks Investment Research upgraded shares of Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research note on Tuesday, February 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cobalt International Energy currently has a consensus rating of “Buy” and a consensus target price of $1.37.
Shares of Cobalt International Energy (NYSE:CIE) traded down 1.686% during trading on Thursday, reaching $0.414. 8,081,308 shares of the company traded hands. Cobalt International Energy has a 52 week low of $0.35 and a 52 week high of $3.50. The company’s 50-day moving average price is $0.49 and its 200-day moving average price is $0.94. The company’s market capitalization is $185.18 million.
Cobalt International Energy (NYSE:CIE) last posted its earnings results on Tuesday, March 14th. The energy producer reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.30. The company had revenue of $7.77 million for the quarter, compared to analysts’ expectations of $7.10 million. During the same period in the previous year, the business posted ($0.80) earnings per share. Equities research analysts forecast that Cobalt International Energy will post ($0.46) EPS for the current fiscal 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.
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