Kosmos Energy Ltd. (KOS) Stock Rating Lowered by Jefferies Group LLC
Kosmos Energy Ltd. (NYSE:KOS) was downgraded by research analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Marketbeat Ratings reports. Jefferies Group also issued estimates for Kosmos Energy’s FY2017 earnings at ($0.51) EPS, FY2018 earnings at ($0.35) EPS and FY2019 earnings at ($0.11) EPS.
Several other equities analysts have also weighed in on the company. Johnson Rice started coverage on Kosmos Energy in a research note on Tuesday, June 20th. They issued a “buy” rating for the company. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Citigroup Inc. cut their price target on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, July 21st. BidaskClub lowered Kosmos Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, BMO Capital Markets set a $9.00 price target on Kosmos Energy and gave the company a “buy” rating in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Kosmos Energy presently has a consensus rating of “Hold” and a consensus target price of $8.63.
Kosmos Energy (NYSE:KOS) traded down 1.69% during trading on Wednesday, hitting $7.57. The stock had a trading volume of 333,575 shares. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $8.21. The firm’s 50-day moving average price is $7.36 and its 200-day moving average price is $6.61. The company’s market cap is $2.94 billion.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. During the same quarter in the previous year, the business earned ($0.11) EPS. Kosmos Energy’s revenue for the quarter was up 220.6% compared to the same quarter last year. Analysts predict that Kosmos Energy will post ($0.25) EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of KOS. BlackRock Inc. boosted its holdings in shares of Kosmos Energy by 9,534.9% during the 1st quarter. BlackRock Inc. now owns 15,272,898 shares of the oil and gas producer’s stock worth $101,717,000 after purchasing an additional 15,114,381 shares during the last quarter. Capital World Investors boosted its holdings in shares of Kosmos Energy by 211.1% during the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after purchasing an additional 8,255,929 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $34,877,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Kosmos Energy during the 1st quarter worth approximately $35,518,000. Finally, Capital Research Global Investors boosted its holdings in shares of Kosmos Energy by 15.9% during the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after purchasing an additional 4,130,107 shares during 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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