Barclays PLC Raises Kosmos Energy Ltd. (KOS) Price Target to $7.00
Kosmos Energy Ltd. (NYSE:KOS) had its target price lifted by stock analysts at Barclays PLC from $6.00 to $7.00 in a report issued on Wednesday. The brokerage presently has an “equal weight” rating on the oil and gas producer’s stock. Barclays PLC’s price objective would indicate a potential downside of 8.38% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Johnson Rice began coverage on shares of Kosmos Energy in a report on Tuesday, June 20th. They set a “buy” rating for the company. Jefferies Group LLC set a $8.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $7.00 target price on shares of Kosmos Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. TheStreet raised shares of Kosmos Energy from a “d+” rating to a “c-” rating in a report on Friday, October 6th. Finally, Zacks Investment Research cut shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $8.44.
Shares of Kosmos Energy (KOS) traded up 1.73% during midday trading on Wednesday, reaching $7.64. 1,021,769 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $7.43 and its 200 day moving average is $6.67. Kosmos Energy has a one year low of $4.39 and a one year high of $8.21. The firm’s market cap is $2.97 billion.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The firm had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter last year, the company posted ($0.11) earnings per share. The firm’s revenue was up 220.6% compared to the same quarter last year. Analysts anticipate that Kosmos Energy will post ($0.25) EPS for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in Kosmos Energy by 31.7% in the second quarter. Russell Investments Group Ltd. now owns 313,299 shares of the oil and gas producer’s stock valued at $2,007,000 after buying an additional 75,400 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock valued at $53,843,000 after buying an additional 251,660 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Kosmos Energy by 3.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after buying an additional 1,010,626 shares in the last quarter. Credit Suisse AG increased its holdings in Kosmos Energy by 66.9% in the first quarter. Credit Suisse AG now owns 142,307 shares of the oil and gas producer’s stock valued at $947,000 after buying an additional 57,051 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Kosmos Energy in the first quarter valued at $448,000.
Kosmos Energy Company Profile
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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