Kosmos Energy Downgraded to “Neutral” at Zacks (KOS)
Kosmos Energy (NYSE:KOS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $12.10 target price on the stock. Zacks‘s price target would suggest a potential upside of 22.59% from the stock’s previous close.
Shares of Kosmos Energy (NYSE:KOS) traded up 1.98% on Monday, hitting $10.065. The stock had a trading volume of 350,521 shares. Kosmos Energy has a 1-year low of $9.24 and a 1-year high of $11.60. The stock’s 50-day moving average is $9.93 and its 200-day moving average is $10.52. The company has a market cap of $3.824 billion and a price-to-earnings ratio of 42.54.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.04. The company had revenue of $329.36 million for the quarter, compared to the consensus estimate of $193.78 million. On average, analysts predict that Kosmos Energy will post $0.27 earnings per share for the current fiscal year.
Separately, analysts at Global Hunter Securities downgraded shares of Kosmos Energy from an “accumulate” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $11.00 price target on the stock, down previously from $12.50. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.77.
Kosmos Energy, Ltd. operates as an oil exploration and production company. The Company engages in the exploration, development, and production of oil and natural gas in Africa.
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