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Cobalt International Energy, Inc. (NYSE:CIE) has been downgraded to Underweight in a statement by Capital One Financial Corporation earlier today.

Boasting a price of $2.63, Cobalt International Energy, Inc. (NYSE:CIE) traded 0.58% higher on the day. With the last close down -58.91% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Cobalt International Energy, Inc. has recorded a 50-day average of $2.02 and a two hundred day average of $4.21. Volume of trade was down over the average, with 703,505 shares of CIE changing hands under the typical 716,091

Capital One Financial Corporation has downgraded Cobalt International Energy, Inc. (NYSE:CIE) to Underweight in a statement released on Wednesday June 21, 2017.

Performance Chart

Cobalt International Energy, Inc. (NYSE:CIE)

With a total market value of $0, Cobalt International Energy, Inc. has with a one year low of $1.58 and a one year high of $21.89 .

A total of 10 analysts have released a research note on CIE. Two analysts rating the company a strong buy, three analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $7.33.

More About Cobalt International Energy, Inc. (NYSE:CIE)

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. The Heidelberg field commenced its production and the North Platte, Shenandoah and Anchor field are in various stages of appraisal and development. The Company has drilled nine exploratory wells, three appraisal wells and four development wells (one of, which was drilled to be used as a pressure-maintenance well in the Cameia development) in the northern pre-salt Kwanza Basin offshore Angola, and one exploratory well in the pre-salt deepwater region offshore Gabon.

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