Cobalt International Energy (CIE) : During the past 4 weeks, traders have been relatively bearish on Cobalt International Energy (CIE), hence the stock is down -18.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.42% relative to the S&P 500. The 4-week change in the price of the stock is -18.79% and the stock has fallen -9.02% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 8.23% and the fifty day Moving Average is 12.92%. Cobalt International Energy, Inc. has dropped 41.55% during the last three month period . Year-to-Date the stock performance stands at -77.59%.
Cobalt International Energy (CIE) : Currently there are 5 street experts covering Cobalt International Energy (CIE) stock. The most bullish and bearish price target for the stock is $6 and $1 respectively for the short term. The average price target of all the analysts comes to $3.6. The estimated standard deviation from the target is $1.82.
Cobalt International Energy (NYSE:CIE): On Fridays trading session , Opening price of the stock was $1.25 with an intraday high of $1.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.16. However, the stock managed to close at $1.21, a loss of 2.42% for the day. On the previous day, the stock had closed at $1.24. The total traded volume of the day was 4,909,056 shares.
Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments: the U.S. Gulf of Mexico and West Africa. The Company is focused on drilling exploration wells on its below-salt exploration portfolio, which has resulted in the ten discoveries. The Companys ten discoveries consist of North Platte, Heidelberg, Shenandoah and Anchor in the United States Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar and Orca offshore Angola; and Diaman offshore Gabon. In addition, it has interest in the Yucatan discovery in the United States Gulf of Mexico. With these discoveries, its focus areas include project appraisal and development, continued exploration and new ventures.