Cobalt International Energy, Inc. (NYSE:CIE) stock is currently pricing at roughly $0.39. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 8 analysts covering the company at $1.38. That suggests shares of the stock may have another 72 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $3.00, which would imply another -569 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 2 “Buy” ratings in place. At the same time, 2 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 4 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Tudor Pickering took a look at CIE shares in a research note released on Aug 18, 2016, and issued a Buy rating to this company. Tudor Pickering analysts provided their own take on company recently as well. In a research note published on Apr 21, 2016, the house assigned a Hold rating to this stock. According to a piece that hit the wires on Jan 26, 2016, researchers at Tudor Pickering reconsidered their prior rating on the stock, and upped it from Accumulate Perform to Buy.
Cobalt International Energy, Inc. (CIE) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 3.37 percent of the stock.
If we take a more granular look, Joseph H. Bryant is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 3,146,250 shares, representing a total current market value of roughly $1227037.5. Mr. Timothy John Cutt is another major player among company insiders, currently holding 3,085,074 shares as of 0.69%, carrying a current market value of $1203178.86. James W. Farnsworth is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 1,570,272 shares, valued at around $612406.08 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2016-12-30, the company’s President-Explr. and Appraisal Painter James H. sold 21,534 company shares for 26700. That means, once accounting for this transaction, the President-Explr. and Appraisal is left with a stake of 1,298,180 shares, carrying a current total market value of $506290. In addition, by means of a transaction dated 2016-12-30, (See Remarks) Farnsworth James W. sold 21,545 shares worth $26720. After that transaction, this investor is left with a total holding of 1,823,272 shares, representing a total investment value of $711076.08. We also noted a 2016-12-01 transaction in which CIE Director Whitfield Van P. sold 413,084 shares at a stock price of $1.37, carrying a total value of $565930, after which, this insider’s investment stands at 647,694 shares, with an overall financial value of $252601.
Cobalt International Energy, Inc. (NYSE:CIE) Earnings View
In the company’s last quarter, CIE EPS moved to $ from $ compared sequentially with the prior quarter. Revenues for the company came in at $M. This stacks up against $M, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $ per share on $M in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $-0.16 to $-0.04. On a year-over-year basis, that compares with an EPS comp of $.