Cobalt International Energy, Inc. (CIE) fell -3.36% during last trading as the stock lost $-0.04 to finish the day at $1.15 with about 2.09M shares changing hands, compared to its three month average trading volume of 4.83M. The $488.3M market cap company, which fluctuated between $1.14 and $1.21 during the day, currently situated 49.35% above its 52 week low of $0.77 and -69.97% away from its one year high of $3.83. The RSI of 43.59 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Cobalt International Energy, Inc., through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico. The company holds interests in the North Platte, Shenandoah, Anchor, and Heidelberg fields located in the U.S. Gulf of Mexico; and the Diaba block located offshore Gabon. As of December 31, 2015, it had net proved undeveloped reserves of 5.6 million barrels (MMBbls) of oil; 0.3 MMBbls of natural gas liquids; and 1.8 billion cubic feet of natural gas. The company was founded in 2005 and is based in Houston, Texas.
LaSalle Hotel Properties (LHO) gained $0.25 to close the day at a new closing price of $30.04, a 0.84% increase in value from its previous closing price that moved the stock 69.88% above its 52 week low of $19.01. A total of 2.09M shares exchanged hands during the day compared with its three month average trading volume of 1.77M. The stock, which fluctuated between $29.85 and $30.34 during the day, currently situated -5.12% below its 52 week high. The stock is down by -0.44% in the past one month and up by 24.17% over the past three months. With a one year target estimate of $27.72 and RSI of 53.01, the stock still has upside potential, making it a hold for now.
LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal corporate income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1998 and is based in Bethesda, Maryland.
MFA Financial, Inc. (MFA) had a light trading with around 2.08M shares changing hands compared to its three month average trading volume of 2.3M. The stock traded between $7.73 and $7.87 before closing at the price of $7.83 with 0.9% change on the day. The New York New York 10022 based company is currently trading 51.78% above its 52 week low of $5.61 and -2.73% below its 52 week high of $8.05. Both the RSI indicator and target price of 54.96 and $7.67 respectively, lead us to believe that it should be put on hold over the coming weeks.
MFA Financial, Inc. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including agency and non-agency mortgage-backed securities (MBS), and residential whole loans, and credit risk transfer securities. Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, as well as by mortgages that have interest rates that reset more frequently. The company has elected to be taxed as a REIT for the U.S. federal income tax purposes and would not be subject to income taxes, if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was founded in 1997 and is headquartered in New York, New York.