Kosmos Energy (NYSE:KOS) has been given a $7.00 price target by stock analysts at Jefferies Group in a research note issued on Wednesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s target price suggests a potential upside of 0.86% from the company’s previous close.
KOS has been the topic of several other reports. Bank of America began coverage on shares of Kosmos Energy in a research note on Friday, September 29th. They issued a “neutral” rating and a $9.00 price target on the stock. Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Thursday, December 14th. Zacks Investment Research downgraded shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. Howard Weil raised shares of Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 target price on the stock in a research note on Thursday, October 26th. Finally, Barclays lifted their target price on shares of Kosmos Energy from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.45.
Kosmos Energy (NYSE:KOS) traded up $0.10 during trading hours on Wednesday, hitting $6.94. 1,747,600 shares of the stock traded hands, compared to its average volume of 2,588,333. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. Kosmos Energy has a 12-month low of $5.53 and a 12-month high of $8.62.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now directly owns 65,191 shares of the company’s stock, valued at $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC acquired a new stake in shares of Kosmos Energy during the third quarter valued at about $118,000. Teacher Retirement System of Texas increased its position in shares of Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock valued at $123,000 after acquiring an additional 3,778 shares during the last quarter. Comerica Bank increased its position in shares of Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 3,626 shares during the last quarter. QS Investors LLC increased its position in shares of Kosmos Energy by 192.3% during the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after acquiring an additional 15,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Kosmos Energy by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock valued at $169,000 after acquiring an additional 7,144 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.
