Shares of Cobalt International Energy (NYSE CIE) opened at 1.12 on Tuesday. Zero analysts have made estimates for Cobalt International Energy's earnings. They are also projecting the Low EPS estimate of $-2.47 and the High EPS estimate of $-0.65. Cobalt International Energy posted earnings of ($2.70) per share during the same quarter last year, which suggests a positive year over year growth rate of 57.4%. On average, analysts expect that Cobalt International Energy will post ($7.74) earnings per share for the current fiscal year. The company's quarterly EPS surprised Wall Street by as much as 237% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Zacks' earnings per share calculations are an average based on a survey of sell-side research firms that follow Cobalt International Energy. It turned negative, as 132 investors sold Cobalt International Energy, Inc. shares while 0 reduced holdings. Rodney M. Skaufel, President, Operations reported the sale of 1,520 shares.
A number of analysts have recently weighed in on CIE shares. Capital One Financial Corporation downgraded shares of Cobalt International Energy from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 21st. Shares for $8.23 million were sold by BURKE RICHARD T. The insider BALLARD WILLIAM C JR sold 5,000 shares worth $913,211. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Cobalt International Energy in a report on Friday, July 7th. Tudor Pickering downgraded the shares of CIE in report on Thursday, April 21 to "Hold" rating. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Citigroup maintained the shares of CIE in report on Thursday, April 7 with "Neutral" rating.
Cobalt International Energy (NYSE CIE) traded down 4.10% during midday trading on Tuesday, hitting $1.17. Earnings per share serves as an indicator of a company's profitability. (ASNA) is recuperating from the fall at $1.65, the 52-week low. The stock's 50-day moving average price is $1.67 and its 200 day moving average price is $3.43. The company's market capitalization is $34.55 million. The value of the investment in Cobalt International Energy, In decreased from $1,622,000 to $87,000 decreasing 94.6% quarter to quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer's stock worth $122,000 after acquiring an additional 173,550 shares during the period. Goldman Sachs Group Inc downsized its position by selling 1,166,571 shares a decrease of 87.7% from 12/31/2016 to 03/31/2017. Similar statistics are true for the second largest owner, First Reserve Gp Xi, Inc., which owns 2,436,804 shares of the stock are valued at $2.97 million. The percentage of shares being held by the company management was 6.2% while institutional stake was 0%. NY lifted its holdings in shares of Cobalt International Energy by 1.2% during the 1st quarter. Metropolitan Life Insurance Co. The stock decreased 4.10% or $0.05 on October 10, reaching $1.17.
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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.