Back to top

Image: Bigstock

Cobalt International Energy (CIE) Rises: Stock Jumps 13.2%

Read MoreHide Full Article

Cobalt International Energy, Inc. was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 25% in the past one-month time frame.

The company has seen two positive estimate revisions in the last 30 days and the Zacks Consensus Estimate also moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Currently, Cobalt International Energy carries a Zacks Rank #2 (Buy).

Another favorably placed stock in the same industry is Pioneer Natural Resources Company (PXD - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CIE going up? Or down? Predict to see what others think: Up or Down

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Pioneer Natural Resources Company (PXD) - free report >>

Published in