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CIE $0.38

CIE target price
0.38
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Cobalt International Energy, Inc.
Type
Public company
Traded as NYSE: CIE
Founded 2005; 12 years ago (2005)
Headquarters Houston, Texas
Key people
William P. Utt, Chairman
Timothy J. Cutt, CEO
David D. Powell, CFO
Production output
1.28 thousand barrels of oil equivalent (7,800 GJ) per day (2016)
Revenue Increase $0.016 billion (2016)
Net income
Decrease -$2.343 billion (2016)
Total assets Decrease $2.230 billion (2016)
Total equity Decrease -$0.841 billion (2016)
Number of employees
111
Website www.cobaltintl.com

Cobalt International Energy, Inc. is a development stage petroleum exploration and production company headquartered in Houston, Texas.

The company has reserves deepwater in the Gulf of Mexico and offshore Angola and Gabon in West Africa.

The company owns a 9.375% working interest in the Heidelberg field, approximately 140 miles south of Port Fourchon off the Louisiana coast, which is operated by Anadarko Petroleum.

The company was founded in November 2005.

In December 2009, the company became a public company via an initial public offering, raising $850 million.

In 2012, the United States Department of Justice initiated an investigation into allegations that the company engaged in bribery in Angola, in violation of the Foreign Corrupt Practices Act. The investigation was closed in 2017.

In April 2013, James Painter, the president of the company, resigned.

In 2015, the company reached an agreement to sell its Angolan assets for $1.75 billion to Sonangol Group. However, the deal fell through after Isabel dos Santos took over the company.

In May 2016, Timothy J. Cutt, formerly of BHP Billiton, was named chief executive officer of the company.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-05-16 Reiterated Rating Sanford C. Bernstein Outperform
2016-05-04 Reiterated Rating Credit Suisse Hold
2016-05-04 Reiterated Rating Credit Suisse Group AG Hold
2016-04-21 Downgrade Tudor Pickering Buy to Hold
2016-04-07 Lower Price Target Citigroup Inc. Neutral $6.00 to $3.00
2016-03-29 Lower Price Target Deutsche Bank Buy $14.00 to $11.00
2016-03-29 Lower Price Target Deutsche Bank AG Buy $14.00 to $11.00
2016-03-02 Lower Price Target Jefferies Group Hold $3.00
2016-02-23 Lower Price Target RBC Capital Sector Perform $7.00 to $6.00
2016-02-23 Boost Price Target Credit Suisse Neutral $7.00 to $8.00
2016-02-23 Lower Price Target Royal Bank Of Canada Sector Perform $7.00 to $6.00
2016-02-08 Reiterated Rating Sanford C. Bernstein Outperform
2016-02-03 Downgrade Stifel Nicolaus Buy to Hold
2016-01-26 Upgrade Tudor Pickering Accumulate to Buy
2016-01-05 Lower Price Target Citigroup Inc. $8.00 to $6.00
2015-08-26 Lower Price Target Sanford C. Bernstein Outperform $21.00 to $16.00
2015-08-25 Lower Price Target Deutsche Bank Buy $20.00 to $14.00
2015-05-22 Reiterated Rating Credit Suisse Hold $13.00
2015-05-19 Reiterated Rating Goldman Sachs Neutral $9.50 to $10.00
2015-05-19 Reiterated Rating Goldman Sachs Group Inc. Neutral $9.50 to $10.00
2015-05-06 Boost Price Target JPMorgan Chase & Co. Overweight $10.00 to $11.00
2015-05-06 Boost Price Target Credit Suisse Neutral $12.50 to $13.00
2015-04-29 Downgrade Tudor Pickering Accumulate to Hold
2015-02-24 Lower Price Target Deutsche Bank Buy $28.00 to $21.00
2015-02-06 Initiated Coverage Jefferies Group Hold
2015-02-02 Lower Price Target Howard Weil Sector Outperform $20.00 to $13.00
2014-12-15 Downgrade Goldman Sachs Buy to Neutral $13.00 to $9.00
2014-12-08 Downgrade Citigroup Inc. Buy to Neutral $27.00 to $10.00
2014-11-10 Reiterated Rating Goldman Sachs Buy
2014-11-05 Reiterated Rating Credit Suisse Neutral $22.00 to $13.00
2014-11-05 Reiterated Rating Deutsche Bank Buy $30.00 to $28.00
2014-10-21 Reiterated Rating Morgan Stanley Overweight $33.00 to $25.00
2014-08-06 Reiterated Rating Credit Suisse Neutral $27.00 to $22.00
2014-08-06 Lower Price Target RBC Capital $22.00 to $18.00
2014-08-06 Lower Price Target Howard Weil Sector Outperform to Outperform $40.00 to $35.00
2014-06-17 Initiated Coverage Brean Capital Buy $24.00
2014-06-17 Initiated Coverage Sanford C. Bernstein Outperform
2014-06-16 Initiated Coverage Sanford C. Bernstein Outperform $27.00
2014-06-05 Reiterated Rating Deutsche Bank Buy $28.00 to $30.00
2014-06-03 Lower Price Target Global Hunter Securities $33.00 to $27.00
2014-06-03 Lower Price Target Seaport Global Securities $33.00 to $27.00
2014-05-14 Reiterated Rating JPMorgan Chase & Co. Overweight $25.00 to $23.00
2014-05-02 Reiterated Rating Citigroup Inc. Buy $27.00
2014-04-23 Boost Price Target Guggenheim $30.00 to $35.00
2014-04-15 Initiated Coverage Clarkson Capital Outperform $35.50
2014-04-04 Downgrade Evercore ISI Strong-Buy to Buy
2014-03-03 Downgrade RBC Capital Mkts Outperform to Sector Perform $24 to $22
2014-03-03 Downgrade RBC Capital Outperform to Sector Perform $24.00 to $22.00
2014-02-27 Boost Price Target Global Hunter Securities $3.00 to $33.00
2013-12-19 Lower Price Target Mizuho Buy $30.00 to $28.00
2013-12-09 Lower Price Target Deutsche Bank Buy $38.00 to $32.00
2013-12-03 Downgrade Credit Suisse Outperform to Neutral $40.00 to $26.00
2013-10-31 Boost Price Target Mizuho Buy $31.00 to $34.00
2013-10-30 Downgrade Tudor Pickering Buy to Accumulate
2013-10-30 Reiterated Rating Credit Suisse Outperform $40.00 to $23.12
2013-10-23 Lower Price Target Global Hunter Securities Buy $38.00 to $36.00
2013-09-13 Initiated Mizuho Buy $31
2013-03-20 Reiterated Deutsche Bank Buy $39 to $41
2012-12-14 Initiated Global Hunter Securities Buy $35
2012-02-10 Upgrade Howard Weil Market Perform to Market Outperform $23 to $41
2011-12-05 Initiated Deutsche Bank Buy $17
2010-03-17 Initiated JP Morgan Overweight
2010-01-29 Initiated Howard Weil Market Perform $19
2010-01-26 Initiated Thomas Weisel Overweight $21
2010-01-25 Initiated Credit Suisse Outperform $19
2016-05-16 Reiterated Rating Sanford C. Bernstein Outperform
2016-05-04 Reiterated Rating Credit Suisse Hold
2016-05-04 Reiterated Rating Credit Suisse Group AG Hold
2016-04-21 Downgrade Tudor Pickering Buy to Hold
2016-04-07 Lower Price Target Citigroup Inc. Neutral $6.00 to $3.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In CIE 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
PAULSON & CO INC 9.94%  (40993200) CIE / DXM / HMHC / NCQ / NG / OSG / SGYP / STAY /
GSCP V GmbH Cobalt Holdings, L.P. 8.44%  (34825280) CIE /
GOLDMAN SACHS GROUP INC 8.44%  (34825280) AHS / AMBR / ARMK / ARX / BNFT / CIE / EBIX / EDMC / EIGI / ENLK / ESNT / GFF / GMED / GS / H / HABT / KMI / LACO / LLNW / MGI / MRC / PNRG / TIPT / TTOO / ZINC / ZMH /
GS CAPITAL PARTNERS V GMBH & CO. KG 8.44%  (34825280) CIE / MRC /
Lebovitz Scott L 8.44%  (34825280) CIE /
PONTARELLI KENNETH A 8.44%  (34825280) CIE / KMI /
C/R Energy GP III, LLC 5.06%  (20893726) CIE /
van Steenbergen D. Jeff 4.62%  (19039795) CIE /
KERN Cobalt Co-Invest Partners AP LP 4.62%  (19039795) CIE /
KERN Energy Partners GP III LP 4.62%  (19039795) CIE /
First Reserve GP XI, Inc. 2.22%  (9155763) CEQP / CIE / CMLP /
Bryant Joseph H Chair. of Board Dir. & CEO 0.76%  (3146250) CIE /
Farnsworth James W. Chief Exploration Officer 0.38%  (1570272) CIE /
Painter James H. EVP, Gulf of Mexico 0.33%  (1357947) CIE /
Whitfield Van P. EVP, COO 0.19%  (769873) CIE /
YOUNG MARTIN H JR 0.07%  (272508) CIE /
Hackedorn Lynne L. VP, Gov\'t and Public Affairs 0.06%  (227081) CIE /
Cutt Timothy J. Chief Executive Officer 0.04%  (184937) CIE /
Golden Jack E 0.04%  (155705) ATW / CIE / ESV /
Young, III Shannon E. Chief Financial Officer 0.04%  (150000) CIE /
Sills Gregory S EVP & Chief Develop. Officer 0.03%  (134643) CIE /
Utt William P 0.03%  (132175) CIE / KBR /
Karve Shashank V EVP, Cameia Development 0.02%  (90754) CIE /
Drennon Michael D EVP, West Africa 0.02%  (89275) CIE /
Hagale John E 0.02%  (87973) CIE / OAS / ROSE /
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0.02%  (87940) CIE / EEP /
Moore Kenneth W 0.02%  (86921) BTU / CIE / ESGR /
Wilkirson John P. Chief Financial Officer 0.02%  (75384) CIE /
Hutchison Kay Bailey 0.02%  (73965) CIE /
MARSHALL JON A 0.01%  (53872) CIE / NE / SWN /
SCOGGINS MYLES W 0.01%  (47045) CIE / LPI / QEP /
Smith Richard Anthony VP, Investor Rel. & Planning 0.01%  (27083) CIE /
Starzec Jeffrey A. SVP, Gen. Counsel & Secretary 0.01%  (21464) CIE /