Kosmos Energy (NYSE:KOS) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday.
Several other brokerages have also recently weighed in on KOS. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. BNP Paribas assumed coverage on shares of Kosmos Energy in a research report on Friday, November 24th. They set an “outperform” rating on the stock. Bank of America assumed coverage on shares of Kosmos Energy in a research report on Friday, September 29th. They set a “neutral” rating and a $9.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and set a $9.00 price objective on shares of Kosmos Energy in a research report on Wednesday, September 27th. Finally, Barclays boosted their price objective on shares of Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $9.45.
Shares of Kosmos Energy (KOS) traded down $0.06 on Monday, reaching $6.93. 1,337,200 shares of the company traded hands, compared to its average volume of 2,018,950. Kosmos Energy has a 12 month low of $5.53 and a 12 month high of $8.62. The company has a market capitalization of $2,698.23, a PE ratio of -17.32 and a beta of 1.57. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, 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 can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its stake 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 worth $210,687,000 after acquiring an additional 1,010,626 shares during the period. Capital Research Global Investors lifted its stake in Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after acquiring an additional 4,130,107 shares during the period. BlackRock Inc. lifted its stake in Kosmos Energy by 5.2% in the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after acquiring an additional 787,145 shares during the period. Prudential PLC lifted its stake in Kosmos Energy by 17.4% in the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after acquiring an additional 2,036,371 shares during the period. Finally, Capital World Investors lifted its stake in Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after acquiring an additional 8,255,929 shares during the period.
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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.
