Cobalt International Energy (CIE) : During the past 4 weeks, traders have been relatively bearish on Cobalt International Energy (CIE), hence the stock is down -29.51% 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 -27.49% relative to the S&P 500. The 4-week change in the price of the stock is -30.94% and the stock has fallen -27.1% in the past 1 week.
The stock has recorded a 20-day Moving Average of 25.33% and the 50-Day Moving Average is 27.81%.The 200 Day SMA reached 67.31% Cobalt International Energy, Inc. has dropped 52.65% during the last 3-month period . Year-to-Date the stock performance stands at -82.99%.
Cobalt International Energy (CIE) : The highest short term price target forecast on Cobalt International Energy (CIE) is $6 and the lowest target price is $1. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $3.6 with a standard deviation of $1.82.
For the current week, the company shares have a recommendation consensus of Buy. Cobalt International Energy (NYSE:CIE): The stock opened at $0.9205 and touched an intraday high of $1.01 on Friday. During the day, the stock corrected to an intraday low of $0.8785, however, the bulls stepped in and pushed the price higher to close in the green at $0.9185 with a gain of 5.57% for the day. The total traded volume for the day was 14,773,465. The stock had closed at $0.9185 in the previous trading session.
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.