Cobalt International Energy, Inc. (NYSE:CIE) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.36 and last traded at $0.38, with a volume of 740200 shares. The stock had previously closed at $0.44.
Several equities research analysts have issued reports on CIE shares. Citigroup Inc. reaffirmed a “sell” rating and set a $1.00 target price (down previously from $1.50) on shares of Cobalt International Energy in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $90.67.
The company has a debt-to-equity ratio of -1.70, a current ratio of 1.61 and a quick ratio of 1.61.
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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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