Kosmos Energy (KOS) Upgraded to “Outperform” at Credit Suisse Group

Credit Suisse Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to an outperform rating in a research note released on Monday morning, MarketBeat.com reports.

A number of other analysts have also recently commented on KOS. Zacks Investment Research raised shares of Kosmos Energy from a strong sell rating to a hold rating in a research report on Wednesday, September 20th. BMO Capital Markets reissued a buy rating and set a $9.00 price objective on shares of Kosmos Energy in a research report on Wednesday, September 27th. Bank of America started coverage on shares of Kosmos Energy in a research report on Friday, September 29th. They set a neutral rating and a $9.00 price objective on the stock. Jefferies Group cut shares of Kosmos Energy from a buy rating to a hold rating in a research report on Wednesday, October 4th. Finally, TheStreet raised shares of Kosmos Energy from a d+ rating to a c- rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $9.45.

Shares of Kosmos Energy (NYSE KOS) traded up $0.19 on Monday, reaching $6.83. 5,586,400 shares of the company’s stock were exchanged, compared to its average volume of 3,347,872. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2,660.00, a PE ratio of -16.66 and a beta of 1.57. Kosmos Energy has a twelve month low of $5.53 and a twelve month high of $8.62.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The business’s revenue was up 126.9% compared to the same quarter last year. During the same period last year, the company posted ($0.09) EPS. research analysts forecast that Kosmos Energy will post -0.34 EPS for the current fiscal year.

In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 65,191 shares in the company, valued at approximately $558,686.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC grew its stake in Kosmos Energy by 3.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after buying an additional 1,010,626 shares in the last quarter. Capital Research Global Investors boosted its holdings in Kosmos Energy by 15.9% in the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after purchasing an additional 4,130,107 shares during the period. BlackRock Inc. boosted its holdings in Kosmos Energy by 5.2% in the 2nd quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock valued at $102,942,000 after purchasing an additional 787,145 shares during the period. Prudential PLC boosted its holdings in Kosmos Energy by 17.4% in the 2nd quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after purchasing an additional 2,036,371 shares during the period. Finally, Capital World Investors boosted its holdings in Kosmos Energy by 211.1% in the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after purchasing an additional 8,255,929 shares during the period.

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About Kosmos Energy

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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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