Press coverage about Cobalt International Energy (NYSE:CIE) has trended positive this week, AlphaOne Sentiment reports. The research firm, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne 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 AlphaOne’s scale. AlphaOne also gave media stories about the energy producer an impact score of 73 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted AlphaOne Sentiment’s scoring:
- Are Options Traders Betting on a Big Move in Cobalt International (CIE) Stock? (zacks.com)
- Positive News Coverage Very Likely to Affect Cobalt International Energy (CIE) Share Price (americanbankingnews.com)
- 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)
Shares of Cobalt International Energy (NYSE:CIE) traded down 3.9372% during trading on Friday, hitting $0.3977. 6,347,935 shares of the stock traded hands. The stock has a 50-day moving average of $0.48 and a 200 day moving average of $0.93. The company’s market cap is $177.89 million. Cobalt International Energy has a 1-year low of $0.35 and a 1-year high of $3.50.
Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, March 14th. The energy producer reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.30. The firm earned $7.77 million during the quarter, compared to analyst estimates of $7.10 million. During the same quarter last year, the business earned ($0.80) earnings per share. On average, equities research analysts predict that Cobalt International Energy will post ($0.43) EPS for the current fiscal year.
Several brokerages have recently issued reports on CIE. Zacks Investment Research raised shares of Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research report on Tuesday, February 7th. Citigroup Inc lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cobalt International Energy presently has an average rating of “Buy” and a consensus price target of $1.37.
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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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