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Cobalt International Energy: Analyzing Wall Street Ratings

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May. 31 2017, Updated 9:09 a.m. ET

Recommendations

As of May 26, 2017, Cobalt International Energy (CIE) has one “strong buy,” two “buy,” four “hold,” and one “strong sell” recommendation. There is no “sell” recommendation on the stock. Of the eight analysts who have provided recommendations on CIE, 50% have recommended holding the stock.

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Target price

CIE stock has substantial price appreciation potential based on the median target price from the above-mentioned Wall Street analyst recommendations. The median target price for CIE is $1.10, which is ~323% higher than the May 26, 2017, closing price of $0.26.

The mean target price for CIE from these recommendations is $1.32, which is higher than the median target price.

How CIE’s recommendations changed last week

In the last week, there was no change in analysts’ ratings for CIE stock or in Cobalt International Energy’s median and mean target prices.

Other oil and gas producers

Based on the mean price targets of recommendations from Wall Street analysts, W&T Offshore (WTI), Kosmos Energy (KOS), and Murphy Oil (MUR) have potential upsides of ~34%, ~52%, and ~23%, respectively, from their May 26 closing prices.

The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

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