Equities research analysts forecast that Cobalt International Energy, Inc. (NYSE:CIE) will report earnings of ($2.09) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Cobalt International Energy’s earnings. Cobalt International Energy reported earnings of ($6.45) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 67.6%. The company is expected to report its next quarterly earnings report on Tuesday, March 13th.
On average, analysts expect that Cobalt International Energy will report full-year earnings of ($8.59) per share for the current year. For the next year, analysts expect that the business will post earnings of ($6.46) per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Cobalt International Energy.
A number of equities analysts have weighed in on CIE shares. Zacks Investment Research upgraded shares of Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research report on Tuesday, October 3rd. Citigroup Inc. reiterated a “sell” rating on shares of Cobalt International Energy in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $90.67.
Cobalt International Energy (NYSE:CIE) traded up $0.05 on Friday, hitting $0.43. 920,684 shares of the company’s stock were exchanged, compared to its average volume of 928,618. Cobalt International Energy has a fifty-two week low of $0.35 and a fifty-two week high of $21.90. The company has a debt-to-equity ratio of -1.70, a current ratio of 1.61 and a quick ratio of 1.61.
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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