Kosmos Energy Ltd. (KOS) Receives Average Rating of “Hold” from Analysts
Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.60.
Several brokerages have issued reports on KOS. Scotiabank reiterated a “hold” rating and issued a $8.00 price target on shares of Kosmos Energy in a research note on Tuesday, May 16th. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 11th. Citigroup Inc. lowered their price target on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Finally, Macquarie began coverage on shares of Kosmos Energy in a research note on Monday. They issued an “outperform” rating on the stock.
Kosmos Energy (NYSE KOS) traded up 3.36% during trading on Tuesday, hitting $7.08. 2,694,358 shares of the stock traded hands. The company’s market capitalization is $2.74 billion. The company’s 50 day moving average is $6.30 and its 200 day moving average is $6.29. Kosmos Energy has a one year low of $4.39 and a one year high of $7.90.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The business had revenue of $146.50 million for the quarter, compared to analyst estimates of $168.71 million. During the same period last year, the business posted ($0.11) earnings per share. The firm’s quarterly revenue was up 220.6% on a year-over-year basis. On average, equities analysts forecast that Kosmos Energy will post ($0.29) EPS for the current fiscal year.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of Kosmos Energy stock in a transaction dated Friday, May 26th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of 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 worth $101,717,000 after buying an additional 15,114,381 shares during the period. Boston Partners increased its position in shares of 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 worth $60,334,000 after buying an additional 5,475,789 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Kosmos Energy during the first quarter worth approximately $35,518,000. Genesis Asset Managers LLP increased its position in shares of Kosmos Energy by 32.7% in the second quarter. Genesis Asset Managers LLP now owns 12,138,219 shares of the oil and gas producer’s stock worth $77,806,000 after buying an additional 2,991,253 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Kosmos Energy by 134.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,683,128 shares of the oil and gas producer’s stock worth $24,529,000 after buying an additional 2,111,884 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.
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