Why Cobalt International Energy (CIE) Stock Is Retreating Today

NEW YORK (TheStreet) -- Shares of Cobalt International Energy Inc. (CIE) are declining by -9.80% to $14.40 in mid-morning trading on Tuesday, after the company reported a net loss of -$95 million, or -23 cents per share for the 2014 second quarter, compared to a net loss of -$79 million, or -19 cents per diluted share for the year ago period.

Analysts polled by Thomson Reuters expected the oil-focused exploration and production company to report a loss of -17 cents per share for the quarter.

Must Read: Warren Buffett's 25 Favorite Stocks

CIE ChartCIE data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Here's What Apple's Stock Is Doing After an Investment Bank Slashed Its Rating
Analysts' Actions -- Kraft Heinz, Sysco, Molson Coors, Tractor Supply and More

Analysts' Actions -- Kraft Heinz, Sysco, Molson Coors, Tractor Supply and More

Cobalt International Energy Noteholders Take a Little for a Lot in Debt Exchange

Cobalt International Energy Noteholders Take a Little for a Lot in Debt Exchange

These 5 Stocks Are Turning 'Toxic'

These 5 Stocks Are Turning 'Toxic'

Avoid This One Energy Stock at All Costs

Avoid This One Energy Stock at All Costs