Cobalt International Energy (NYSE:CIE) shares traded -9.02% down during most recent session to reach at the closing price of $0.26. The stock exchanged hands 11.03 Million shares versus average trading capacity of 10.45 Million shares, yielding a market cap of $115.05 Million. Wall Street analysts covering the stock are projecting that the stock will reach $1.34 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cobalt International Energy (NYSE:CIE) high price target of $3 and with a conservative view have low price target of $0.1.
Bernstein “Downgrades” Cobalt International Energy (NYSE:CIE) in a research note issued to investors on 5/04/17 to Market Perform with price target of $0.
Additionally on 8/18/16 Tudor Pickering “Upgrades” Cobalt International Energy (NYSE:CIE) to Buy setting price target at $ and on 8/08/16 Citigroup “Maintained” the stock to Neutral at $1. Furthermore on 8/03/16 Deutsche Bank “Maintained” the stock to Buy at $3.
On the other hand the company has Relative Strength Index (RSI 14) of 37.74 along with Average True Range (ATR 14) of 0.03, Consequently Cobalt International Energy (NYSE:CIE)’s weekly and monthly volatility is 15.51%, 12.99% respectively. The company’s beta value is at 1.73.
In terms of Buy, Sell or Hold recommendations, Cobalt International Energy (NYSE:CIE) has analysts’ mean recommendation of 2.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Cobalt International Energy (NYSE:CIE)’s minimum EPS for the current quarter is at $-0.15 and can go high up to $-0.04. The consensus mean EPS for the current quarter is at $-0.11 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.5 earnings per share for the same quarter during last year.
Previously Cobalt International Energy (NYSE:CIE) reported $-0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.13 by $-0.02. The company posted an earnings surprise of -15.4%.
Cobalt International Energy (NYSE:CIE)’s revenue estimates for the current quarter are $18.5 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $18.5 Million in contradiction of low revenue estimates of $18.5 Million. For the current year the company’s revenue estimates are $83.55 Million compared to low analyst estimates of $83 Million and high estimates of $84.1 Million according to 2 number of analysts.
Currently Cobalt International Energy (NYSE:CIE)’s shares owned by insiders are 1.2%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -0.81%, as well as three-month change in the institutional ownership was recorded 3.54%.
Cobalt International Energy (NYSE:CIE) 52-week high price stands at $2.47 and low price stands at $0.22, its price distance from 52-week high is -89.47% while its distance from 52-week low price is 18.71%. The stock hit its 52-week high on 06/09/16, and 52-week low on 06/01/17.
Cobalt International Energy (NYSE:CIE)’s trailing twelve month revenues are $25 Million, whereas its price to sales ratio for the same period is 4.6. Its book value per share for the most recent quarter is $-2.59 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $1.72, however its price to cash per share ratio for the same period is 0.15. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.