Cobalt International Energy, Inc. (NYSE:CIE) registered a -4.78% decrease, still its new closing price is 27.38% up from the company’s 1 year high of 3.81.It posted -17.58% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 8 stock analysts following this company have an average price target at $2.69, with individual PT in the $1.00-$5.00 range. The shares moved at $0.98, implying that brokerage firms see shares losing about -72.98% in twelve months time.
Cobalt International Energy, Inc. (CIE) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -19.61% fall year to date. A President-Explr. and Appraisal at Cobalt International Energy, Inc. (CIE) offloaded shares in a transaction closed on Friday December 30, 2016. Painter James H. sold 21,534 shares in the company at $1.24 each and collected $26,001 in proceeds. Painter James H. now owns 1,298,180 shares in the company after this transaction. A (See Remarks) in the company, Farnsworth James W., disclosed a transaction on Friday December 30, 2016 that ended up generating $26,001 from the sale of 21,545 shares at $1.24 per share.
Cobalt International Energy, Inc. (NYSE:CIE) Upcoming Results on Tap
Cobalt International Energy, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.13 in that period. Sales during the quarter are predicted to arrive at $14.7 million.
Earnings surprise history: Last quarter, the company posted approximately $4.23 million in revenue and EPS of $-0.30. The mean forecast was for $5.47 million and $-0.15 a share, respectively. One quarter earlier, revenue for the stock was at $3.17 million, with earnings at $-0.12/share.
Cobalt International Energy, Inc. (CIE) Brokerage Update
Cobalt International Energy, Inc. (CIE) is in Tudor Pickering’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Tudor Pickering, according to news reported on Thursday August 18, 2016.Another important research note was issued by Tudor Pickering on Thursday April 21, 2016.The firm downgraded CIE to Hold from Buy. Over the last six months and over the last three months, the shares of Cobalt International Energy, Inc. (CIE), have changed -27.88% and 0.08%, respectively.