Zacks Investment Research Downgrades Kosmos Energy Ltd. (KOS) to Hold
Kosmos Energy Ltd. (NYSE:KOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
Several other research firms have also recently commented on KOS. RBC Capital Markets upgraded Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $6.00 to $9.00 in a research report on Wednesday, August 31st. Royal Bank Of Canada upgraded Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $6.00 to $9.00 in a research report on Wednesday, August 31st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $8.05.
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Kosmos Energy (NYSE:KOS) opened at 6.34 on Wednesday. The firm’s market cap is $2.45 billion. The stock has a 50 day moving average price of $6.12 and a 200-day moving average price of $5.77. Kosmos Energy has a 12-month low of $3.17 and a 12-month high of $8.00.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The firm had revenue of $45.68 million for the quarter, compared to analysts’ expectations of $121.81 million. During the same period last year, the firm earned ($0.20) EPS. The firm’s revenue was up 37397.7% compared to the same quarter last year. Equities analysts forecast that Kosmos Energy will post ($0.35) earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock valued at $104,000 after buying an additional 6,712 shares in the last quarter. Amalgamated Bank raised its stake in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock valued at $106,000 after buying an additional 616 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock valued at $114,000 after buying an additional 4,415 shares in the last quarter. AXA bought a new stake in Kosmos Energy during the second quarter valued at $136,000. Finally, Utah Retirement Systems raised its stake in Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock valued at $156,000 after buying an additional 300 shares in the last quarter. 96.40% of the stock is owned by institutional investors and hedge funds.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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