Kosmos Energy Ltd. (NYSE:KOS) Now Covered by Macquarie
Equities research analysts at Macquarie initiated coverage on shares of Kosmos Energy Ltd. (NYSE:KOS) in a research report issued on Monday. The firm set an “outperform” rating on the oil and gas producer’s stock.
A number of other research analysts also recently commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Friday. ValuEngine downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Group LLC set a $8.00 price target on Kosmos Energy and gave the company a “buy” rating in a report on Saturday, July 22nd. Citigroup Inc. reduced their price target on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.50.
Kosmos Energy (NYSE:KOS) traded up 0.46% during midday trading on Monday, reaching $6.58. The company had a trading volume of 738,387 shares. The firm’s market capitalization is $2.55 billion. The firm’s 50-day moving average price is $6.28 and its 200 day moving average price is $6.29. 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 quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 11.56% and a negative net margin of 53.37%. Kosmos Energy’s revenue for the quarter was up 220.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Kosmos Energy will post ($0.33) earnings per share for the current fiscal year.
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In other Kosmos Energy 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 transaction of $214,500,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company 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. Comerica Bank purchased a new position in Kosmos Energy during the fourth quarter worth approximately $105,000. Guggenheim Capital LLC increased its position in Kosmos Energy by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 211,044 shares of the oil and gas producer’s stock worth $1,479,000 after buying an additional 3,310 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Kosmos Energy by 36.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 193,604 shares of the oil and gas producer’s stock worth $1,357,000 after buying an additional 51,557 shares in the last quarter. Teachers Advisors LLC increased its position in Kosmos Energy by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock worth $1,279,000 after buying an additional 26,292 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in Kosmos Energy by 1,395.1% in the first quarter. Nationwide Fund Advisors now owns 65,487 shares of the oil and gas producer’s stock worth $436,000 after buying an additional 61,107 shares in the last quarter.
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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