December 1, 2016 - By Louis Casey · 0 Comments
Cobalt International Energy Inc (NYSE:CIE) institutional sentiment decreased to 0.83 in Q2 2016. Its down -0.30, from 1.13 in 2016Q1. The ratio dived, as 87 hedge funds started new or increased positions, while 77 reduced and sold stakes in Cobalt International Energy Inc. The hedge funds in our partner’s database now possess: 432.24 million shares, down from 447.24 million shares in 2016Q1. Also, the number of hedge funds holding Cobalt International Energy Inc in their top 10 positions decreased from 4 to 2 for a decrease of 2. Sold All: 37 Reduced: 40 Increased: 68 New Position: 19.
Cobalt International Energy Inc. is an independent exploration and production firm with activities focused in the deepwater the United States Gulf of Mexico. The company has a market cap of $653.36 million. The Firm operates through the United States segment. It currently has negative earnings. The Firm has over four gas and oil discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields.
About 6.46M shares traded hands or 51.64% up from the average. Cobalt International Energy, Inc. (NYSE:CIE) has declined 57.81% since April 28, 2016 and is downtrending. It has underperformed by 63.74% the S&P500.
Analysts await Cobalt International Energy, Inc. (NYSE:CIE) to report earnings on February, 27. They expect $-0.13 earnings per share, up 23.53% or $0.04 from last year’s $-0.17 per share. After $-0.18 actual earnings per share reported by Cobalt International Energy, Inc. for the previous quarter, Wall Street now forecasts -27.78% EPS growth.
According to Zacks Investment Research, “Cobalt International Energy, Inc., through its subsidiary Cobalt International Energy, L.P., operates as an independent oil focused exploration and production company with a highly prospective world-class portfolio in the deepwater U.S. Gulf of Mexico and offshore West Africa. All of the Company’s prospects are oil-focused. The company is based in Houston, Texas.”
First Reserve Gp Xi Inc. holds 12.26% of its portfolio in Cobalt International Energy, Inc. for 36.55 million shares. Riverstone Holdings Llc owns 34.82 million shares or 2.75% of their US portfolio. Moreover, Proxima Capital Management Llc has 2.33% invested in the company for 4.45 million shares. The -based Carlyle Group L.P. has invested 0.81% in the stock. Capital International Inc Ca, a California-based fund reported 2.94 million shares.#img1#
Ratings analysis reveals 43% of Cobalt International Energy’s analysts are positive. Out of 7 Wall Street analysts rating Cobalt International Energy, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $3 while the high is $16. The stock’s average target of $8.17 is 492.03% above today’s ($1.38) share price. CIE was included in 12 notes of analysts from August 25, 2015. Deutsche Bank maintained Cobalt International Energy, Inc. (NYSE:CIE) rating on Tuesday, March 29. Deutsche Bank has “Buy” rating and $11 price target. The firm earned “Neutral” rating on Thursday, April 7 by Citigroup. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, February 3 report. The stock of Cobalt International Energy, Inc. (NYSE:CIE) has “Sector Perform” rating given on Tuesday, February 23 by RBC Capital Markets. Credit Suisse maintained it with “Neutral” rating and $8 target price in Tuesday, February 23 report. The firm earned “Hold” rating on Thursday, April 21 by Tudor Pickering. On Thursday, August 18 the stock rating was upgraded by Tudor Pickering to “Buy”. The stock of Cobalt International Energy, Inc. (NYSE:CIE) earned “Buy” rating by Deutsche Bank on Tuesday, August 25. Tudor Pickering upgraded the shares of CIE in a report on Tuesday, January 26 to “Buy” rating.
Cobalt International Energy Inc., incorporated on August 27, 2009, is an independent exploration and production firm with activities focused in the deepwater the United States Gulf of Mexico. The Firm operates through the United States segment. The Firm has over four gas and oil discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields. It also has a non-operated interest in the Diaba Block offshore Gabon.
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By Louis Casey