Kosmos Energy (KOS) Downgraded by Royal Bank of Canada

Kosmos Energy (NYSE:KOS) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Monday, The Fly reports.

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Scotiabank raised shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a report on Thursday, October 26th. BNP Paribas assumed coverage on shares of Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating on the stock. Finally, Barclays boosted their target price on shares of Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.45.

Kosmos Energy (KOS) traded down $0.80 during trading on Monday, reaching $5.86. The company had a trading volume of 2,350,473 shares, compared to its average volume of 2,733,081. Kosmos Energy has a fifty-two week low of $5.53 and a fifty-two week high of $8.62. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2,593.11, a P/E ratio of -14.30 and a beta of 1.56.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The firm had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $149.10 million. During the same quarter in the previous year, the company posted ($0.09) EPS. Kosmos Energy’s revenue for the quarter was up 126.9% on a year-over-year basis. equities analysts anticipate that Kosmos Energy will post -0.33 earnings per share for the current year.

In other Kosmos Energy 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 sale, the director now owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new position in shares of Kosmos Energy in the fourth quarter worth $2,064,000. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kosmos Energy by 2.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 8,938,750 shares of the oil and gas producer’s stock worth $61,230,000 after purchasing an additional 219,195 shares during the period. Eqis Capital Management Inc. increased its holdings in shares of Kosmos Energy by 46.3% in the fourth quarter. Eqis Capital Management Inc. now owns 99,877 shares of the oil and gas producer’s stock worth $684,000 after purchasing an additional 31,627 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Kosmos Energy in the fourth quarter worth $114,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Kosmos Energy by 14.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 947,554 shares of the oil and gas producer’s stock worth $6,491,000 after purchasing an additional 118,411 shares during the period.

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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.

The Fly

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