Cobalt International Energy, Inc. (CIE) Set to Announce Quarterly Earnings on Monday

Cobalt International Energy, Inc. (NYSE:CIE) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of ($1.58) per share for the quarter.

Cobalt International Energy (NYSE:CIE) last released its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.60) by ($0.79). The business had revenue of $13.75 million during the quarter. Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. On average, analysts expect Cobalt International Energy to post $-6.91 EPS for the current fiscal year and $-5.27 EPS for the next fiscal year.

Shares of Cobalt International Energy, Inc. (NYSE:CIE) opened at 0.98 on Friday. The stock has a 50 day moving average price of $1.41 and a 200-day moving average price of $2.96. Cobalt International Energy, Inc. has a 12-month low of $0.95 and a 12-month high of $21.90. The stock’s market cap is $28.94 million.

Several equities analysts have recently issued reports on CIE shares. Zacks Investment Research lowered shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a research note on Friday, July 7th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a research note on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $143.94.

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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.

Earnings History for Cobalt International Energy (NYSE:CIE)

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