Aggregated price of companies which explore and produce oil in Africa, diminished by 7.53% since 7th November.
There are two companies, which explore and produce oil in Africa: Cobalt International Energy (CIE) and Kosmos Energy (KOS). Their aggregated price decreased by 7.53 percent in 11 days. There is no information which could affect the prices, but two weeks ago the companies published 3Q results and they didn't meet analysts expectations. Both oil producers disappointed investors with their net income.
It's worth mentioning that the stocks decreased by over 30 percent in twelve months, so it may be the reason of a downward trend continuation.
P/E Ratio of Cobalt International Energy equals -7.31, of Kosmos Energy 17.56. P/BV ratio of CIE equals 1.81. Value of the P/BV ratio of KOS exceeds 3. ROE values of both companies are completely different. The Kosmos Energy achieved a 19.29% return on equity, the ROE ratio of the Cobalt International Energy equals -24.68%.
Oil exploration and production
Independent Oil & Gas
Trend Strength: *****, Change: -7.53% Trend start: Friday, 2014-11-07 10:15