A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Kosmos Energy from a hold rating to a strong sell rating in a research note on Wednesday, October 11th. Barclays PLC boosted their target price on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an equal weight rating in a research note on Wednesday, October 11th. Jefferies Group LLC set a $8.00 target price on shares of Kosmos Energy and gave the company a buy rating in a research note on Saturday, July 22nd. Citigroup Inc. reduced their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a buy rating for the company in a research note on Friday, July 21st. Finally, BidaskClub raised shares of Kosmos Energy from a strong sell rating to a sell rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $9.50.
Kosmos Energy (NYSE:KOS) opened at 7.84 on Friday. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $8.21. The company’s 50-day moving average is $7.64 and its 200 day moving average is $6.78. The stock’s market capitalization is $3.05 billion.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. Kosmos Energy’s revenue was up 220.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. On average, analysts predict that Kosmos Energy will post ($0.25) EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of Kosmos Energy by 3.3% in the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after purchasing an additional 720 shares in the last quarter. Comerica Bank raised its holdings in shares of Kosmos Energy by 16.8% in the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 2,701 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kosmos Energy by 1.8% in the 2nd quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after purchasing an additional 2,826 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Kosmos Energy by 24.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Kosmos Energy by 11.2% in the 2nd quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock worth $342,000 after purchasing an additional 5,379 shares in the last quarter.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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