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.

More from Markets

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Dow Plunges on Trade War Worries but Walmart and Verizon Finish Positively

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target