Kosmos Energy Ltd. (KOS) Given Average Recommendation of “Hold” by Brokerages
Kosmos Energy Ltd. (NYSE:KOS) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.50.
A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 6th. Scotiabank set a $7.00 price objective on shares of Kosmos Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets restated a “buy” rating and issued a $9.00 price objective on shares of Kosmos Energy in a research report on Wednesday, September 27th. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Macquarie assumed coverage on shares of Kosmos Energy in a research report on Monday, August 7th. They issued an “outperform” rating and a $10.00 price objective for the company.
Kosmos Energy (NYSE KOS) traded down 0.27% during midday trading on Friday, reaching $7.51. 1,381,048 shares of the company’s stock were exchanged. The company’s market cap is $2.92 billion. The firm has a 50-day moving average price of $7.58 and a 200 day moving average price of $6.73. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $8.21.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the consensus estimate 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 net margin of 26.69% and a negative return on equity of 8.60%. The company’s revenue was up 220.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) earnings per share. Analysts anticipate that Kosmos Energy will post ($0.25) EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC bought a new stake in Kosmos Energy during the third quarter valued at approximately $118,000. Eqis Capital Management Inc. lifted its position in Kosmos Energy by 19.3% during the third quarter. Eqis Capital Management Inc. now owns 68,250 shares of the oil and gas producer’s stock valued at $543,000 after purchasing an additional 11,053 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Kosmos Energy during the second quarter valued at approximately $194,000. California State Teachers Retirement System lifted its position in Kosmos Energy by 9.3% during the second quarter. California State Teachers Retirement System now owns 351,091 shares of the oil and gas producer’s stock valued at $2,251,000 after purchasing an additional 29,824 shares during the last quarter. Finally, TVR Capital Management LP bought a new stake in Kosmos Energy during the second quarter valued at approximately $4,410,000.
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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