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Stock Market & Financial Investment News

News Breaks
August 5, 2014
14:07 EDTCIECobalt sell-off on Wells Notice overdone, says Brean Capital
Brean Capital views the impact to Cobalt shares following the company's disclosure of a Wells Notice as overdone. Brean says the disclosure overshadowed what sounded like a positive drillstem test at Cobalt's second Cameia appraisal well. The firm says the company's discovered resource is worth at least $18 per share and it reiterates a Buy rating on the stock with a $24 price target.
News For CIE From The Last 14 Days
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January 26, 2015
16:26 EDTCIEMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
16:21 EDTCIECobalt downgraded to Neutral from Buy at UBS
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