As of March 31, 2017, eight analysts have provided recommendations for Cobalt International Energy (CIE). These recommendations include two “strong buy” ratings, two “buy” ratings, and four “hold” ratings. There were no “sell” or “strong sell” recommendations for the stock.
Analysts’ target price
CIE’s median target price from the above Wall Street analyst recommendations is $1.38, which is ~160.0% higher than the March 31, 2017, closing price of $0.53.
The mean target price for CIE from these recommendations is $1.53, which is higher than the median target price.
How CIE’s recommendations have changed in 1Q17
In 1Q17, analysts’ “hold” ratings for Cobalt International Energy fell from five to four. The “strong buy,” “buy,” “sell,” and “strong sell” recommendations have remained unchanged.
In 1Q17, CIE’s median and mean target prices also fell. Its median target price fell from $2.40 to $1.38, and its mean target price fell from $2.56 to $1.53.
Other oil and gas producers
Based on the mean price targets of Wall Street analysts, other oil and gas companies such as Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Denbury Resources (DNR) have potential upsides of ~56.0%, ~63.0%, and ~24.0%, respectively, from their March 31, 2017, closing prices.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80.0% of its total assets in oil and gas exploration companies. The Energy Select Sector SPDR ETF (XLE) generally invests at least 95.0% of its total assets in oil and gas companies.