Goldman Sachs Group Reiterates Neutral Rating for Kosmos Energy (KOS)

Goldman Sachs Group reissued their neutral rating on shares of Kosmos Energy (NYSE:KOS) in a report issued on Thursday, MarketBeat reports. They currently have a $9.00 price objective on the oil and gas producer’s stock.

KOS has been the subject of several other research reports. Bank of America assumed coverage on shares of Kosmos Energy in a research note on Friday, September 29th. They issued a neutral rating and a $9.00 price objective for the company. 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. Howard Weil raised shares of Kosmos Energy from a sector perform rating to a sector outperform rating and set a $12.00 price objective for the company in a research note on Thursday, October 26th. Barclays lifted their price objective on shares of Kosmos Energy from $7.00 to $8.00 and gave the company an equal weight rating in a research note on Monday, November 20th. Finally, TheStreet raised shares of Kosmos Energy from a d+ rating to a c- rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $9.55.

Kosmos Energy (KOS) traded up $0.08 during mid-day trading on Thursday, hitting $6.75. 3,709,500 shares of the company traded hands, compared to its average volume of 2,597,743. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39. Kosmos Energy has a 1-year low of $5.53 and a 1-year high of $8.62.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The business had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. During the same period in the previous year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 126.9% on a year-over-year basis. equities analysts forecast that Kosmos Energy will post -0.35 earnings per share for the current year.

In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the transaction, the director now owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Kosmos Energy by 1.8% during 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 acquiring an additional 2,826 shares during the last quarter. Comerica Bank increased its holdings in shares of Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Kosmos Energy by 24.6% during 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 during the period. Voya Investment Management LLC increased its holdings in shares of Kosmos Energy by 11.2% during 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 during the period. Finally, Utah Retirement Systems increased its holdings in shares of Kosmos Energy by 22.1% during the 2nd quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 6,300 shares during the period.

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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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