Kosmos Energy Ltd. (NYSE:KOS) received a $8.00 price target from research analysts at Jefferies Group LLC in a note issued to investors on Saturday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Jefferies Group LLC’s price target suggests a potential upside of 28.41% from the stock’s current price.

KOS has been the subject of a number of other research reports. Scotiabank reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Kosmos Energy in a research note on Tuesday, May 16th. BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the company a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research raised Kosmos Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Citigroup Inc. dropped their price target 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. Finally, BidaskClub raised Kosmos Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.50.

Kosmos Energy (NYSE KOS) traded down 2.81% on Friday, reaching $6.23. 1,216,960 shares of the company traded hands. The stock’s market capitalization is $2.41 billion. Kosmos Energy has a one year low of $4.39 and a one year high of $7.90. The firm has a 50 day moving average of $6.20 and a 200-day moving average of $6.32.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $152 million during the quarter, compared to analysts’ expectations of $173.10 million. Kosmos Energy had a negative return on equity of 11.56% and a negative net margin of 53.37%. The business’s quarterly revenue was up 144.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, analysts anticipate that Kosmos Energy will post ($0.30) EPS for the current year.

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In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after buying an additional 4,463 shares during the period. Comerica Bank bought a new stake in shares of Kosmos Energy during the fourth quarter valued at about $105,000. Koch Industries Inc. bought a new stake in shares of Kosmos Energy during the first quarter valued at about $115,000. Creative Planning bought a new stake in shares of Kosmos Energy during the second quarter valued at about $128,000. Finally, Amalgamated Bank boosted its stake in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period.

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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