Cobalt International Energy (CIE) Earning Positive News Coverage, Analysis Shows
News headlines about Cobalt International Energy (NYSE:CIE) have trended positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a division of Accern, ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cobalt International Energy earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also assigned news coverage about Cobalt International Energy an impact score of 73 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near term.
Shares of Cobalt International Energy (NYSE:CIE) traded up 31.6309% during mid-day trading on Friday, hitting $0.6263. The company had a trading volume of 21,400,889 shares. The company’s 50-day moving average is $0.54 and its 200 day moving average is $0.97. Cobalt International Energy has a one year low of $0.35 and a one year high of $3.50. The company’s market capitalization is $280.14 million.
Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings results on Tuesday, March 14th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.30. During the same quarter in the prior year, the firm earned ($0.80) earnings per share. On average, equities research analysts forecast that Cobalt International Energy will post ($0.43) EPS for the current fiscal year.
A number of analysts have recently weighed in on CIE shares. Zacks Investment Research upgraded Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research report on Tuesday, February 7th. Citigroup Inc cut their target price on Cobalt International Energy from $1.00 to $0.50 and set a “neutral” rating for the company in a research report on Monday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1.37.
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.
Source:- https://www.chaffeybreeze.com/2017/04/07/cobalt-international-energy-cie-earning-positive-news-coverage-analysis-shows.html
