Analysts Swing to Diverse Views for Cobalt International Energy, Inc. (CIE), Halcon Resources Corporation (HK) – Post Analyst

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Shares of Cobalt International Energy, Inc. (NYSE:CIE) opened at $1.12, and ended -3.57% lower at $1.08. Nearly 0.63 million shares were traded by the close, higher than its average daily volume of 0.51 million shares.

Cobalt International Energy, Inc. (CIE) Analyst Opinion

Cobalt International Energy, Inc. has a consensus hold rating from 6 Wall Street analysts, and the number of shares currently sold short amount to at least 19.41% of shares outstanding. The stock sank -36.47% last month and is down -94.1 this year. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover CIE having a buy-equivalent rating. Analysts have placed a $8.78 price target on Cobalt International Energy, Inc., suggesting a 712.96% gain from recent close. It’s currently trading about -95.07% below its 52-week high.

Cobalt International Energy, Inc. Earnings Surprise

Cobalt International Energy, Inc. (CIE) failed to surprise the stock market in its last reported earnings when it earned -$2.39 a piece versus the consensus-estimated -$0.71. Its revenue totaled $33.56 million up 240.02% from the previous quarter.

Cobalt International Energy, Inc. (NYSE:CIE) Intraday View

This stock (CIE) is ahead of its 52-week low with -1.82%. Its last month’s stock price volatility remained 9.42% which for the week stands at 6.87%. The share price has moved backward from its 20 days moving average, trading at a distance of -28.07% and stays -39.79% away from its 50 days moving average. Over the last five days, shares have faced -18.8% losses and now is down -82.86% since hitting its 200-day moving average of $3.39. Cobalt International Energy, Inc. (CIE) has made its way to a 12-month decline of -93.21%.

Turning to Halcon Resources Corporation (NYSE:HK), its shares were trading at $6.05 a retreat of $-0.25, on the trading floor. The stock, after opening at $6.16, touched a high of $6.24 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. Halcon Resources Corporation has 1 buy ratings, 2 holds and 0 sells even after the stock tumbled -46.41% from its high of $11.29 to a $887.72 million market value through last close.

Halcon Resources Corporation (HK) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.12 to 2.12 during a month. Analysts set a 12-month price target of $9 a share. The target implies a 48.76% spike from where the shares are currently trading. Also, the current price highlights a discount of 81.82% to analysts’ high consensus price target.

Halcon Resources Corporation (NYSE:HK) Intraday Trading

The counter witnessed a trading volume of 2.54 million shares versus an average volume of 2.95 million shares during last trading session. Its last month’s stock price volatility remained 5.19% which for the week approaches 5.25%. The lowest price the stock reached in the last trading day was $6.03 and compares with the $3.68 52-week low. The stock recovered 64.18% since its low point and has performed -35.22% year-to-date.