Kosmos Energy Ltd (KOS) Given a $10.00 Price Target by BMO Capital Markets Analysts
Kosmos Energy Ltd (NYSE:KOS) has been assigned a $10.00 price objective by stock analysts at BMO Capital Markets in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 50.38% from the stock’s current price.
Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 24th. Scotiabank set a $7.00 target price on Kosmos Energy and gave the stock a “hold” rating in a research note on Monday, March 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $10.00 target price (up from $9.00) on shares of Kosmos Energy in a research note on Thursday, March 9th. Capital One Financial Corp. reaffirmed an “overweight” rating on shares of Kosmos Energy in a research note on Monday, January 30th. Finally, Citigroup Inc reduced their target price on Kosmos Energy from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $8.75.
Kosmos Energy (NYSE:KOS) traded down 4.86% during midday trading on Thursday, reaching $6.65. 3,221,720 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $6.45 and its 200 day moving average is $6.13. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90. The firm’s market capitalization is $2.58 billion.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Kosmos Energy had a negative return on equity of 6.30% and a negative net margin of 68.54%. The business had revenue of $152 million for the quarter, compared to analyst estimates of $173.10 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. The business’s quarterly revenue was up 144.8% compared to the same quarter last year. On average, equities analysts anticipate that Kosmos Energy will post ($0.26) earnings per share for the current year.
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In other Kosmos Energy news, SVP Jason Doughty bought 8,347 shares of Kosmos Energy stock in a transaction dated Friday, March 3rd. The stock was acquired at an average cost of $6.00 per share, with a total value of $50,082.00. Following the purchase, the senior vice president now directly owns 400,354 shares in the company, valued at approximately $2,402,124. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.74% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. Hotchkis & Wiley Capital Management LLC increased its position in Kosmos Energy by 4.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 31,857,895 shares of the oil and gas producer’s stock valued at $212,174,000 after buying an additional 1,426,390 shares in the last quarter. SailingStone Capital Partners LLC increased its position in Kosmos Energy by 2.8% in the fourth quarter. SailingStone Capital Partners LLC now owns 28,362,063 shares of the oil and gas producer’s stock valued at $198,818,000 after buying an additional 768,010 shares in the last quarter. BlackRock Inc. increased its position in Kosmos Energy by 9,534.9% in the first quarter. BlackRock Inc. now owns 15,272,898 shares of the oil and gas producer’s stock valued at $101,717,000 after buying an additional 15,114,381 shares in the last quarter. Boston Partners increased its position in Kosmos Energy by 152.8% in the first quarter. Boston Partners now owns 9,059,099 shares of the oil and gas producer’s stock valued at $60,334,000 after buying an additional 5,475,789 shares in the last quarter. Finally, Prudential PLC increased its position in Kosmos Energy by 38.0% in the fourth quarter. Prudential PLC now owns 5,998,336 shares of the oil and gas producer’s stock valued at $42,048,000 after buying an additional 1,651,415 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.
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.
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