Shares of Cobalt International Energy, Inc. (NYSE:CIE) have earned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.
CIE has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Citigroup reissued a “sell” rating on shares of Cobalt International Energy in a research note on Monday, November 6th.
Shares of Cobalt International Energy (CIE) opened at $0.38 on Friday. The company has a debt-to-equity ratio of -1.70, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $18.55, a price-to-earnings ratio of 0.00 and a beta of 1.58. Cobalt International Energy has a one year low of $0.35 and a one year high of $20.40.
A hedge fund recently bought a new stake in Cobalt International Energy stock. GSA Capital Partners LLP purchased a new position in Cobalt International Energy, Inc. (NYSE:CIE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 104,015 shares of the energy producer’s stock, valued at approximately $257,000. GSA Capital Partners LLP owned about 0.35% of Cobalt International Energy as of its most recent SEC filing. 71.92% of the stock is owned by hedge funds and other institutional investors.
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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.
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