Kosmos Energy Ltd. (KOS) Given Average Rating of “Hold” by Analysts
Kosmos Energy Ltd. (NYSE:KOS) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.50.
A number of research firms have recently issued reports on KOS. Zacks Investment Research downgraded shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday. BidaskClub upgraded shares of Kosmos Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Scotiabank set a $7.00 price objective on shares of Kosmos Energy and gave the company a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets set a $9.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, ValuEngine cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th.
Kosmos Energy (NYSE:KOS) traded up 1.42% during mid-day trading on Friday, hitting $6.42. 1,545,190 shares of the company were exchanged. The stock’s market cap is $2.49 billion. The company has a 50 day moving average of $6.44 and a 200 day moving average of $6.33. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $7.90.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $152 million for the quarter, compared to analyst estimates of $173.10 million. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The company’s revenue for the quarter was up 144.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) EPS. On average, equities research analysts expect that Kosmos Energy will post ($0.22) earnings per share for the current fiscal year.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $1,670,000. Comerica Bank bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $105,000. State Street Corp increased its position in shares of Kosmos Energy by 3.1% in the fourth quarter. State Street Corp now owns 3,070,921 shares of the oil and gas producer’s stock valued at $21,528,000 after buying an additional 93,639 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $189,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Kosmos Energy by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,283,354 shares of the oil and gas producer’s stock valued at $30,027,000 after buying an additional 89,212 shares in the last quarter.
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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.
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