Jefferies Group Reiterates “$6.00” Price Target for Kosmos Energy (KOS)

Kosmos Energy (NYSE:KOS) received a $6.00 price objective from Jefferies Group in a report issued on Friday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s price target suggests a potential upside of 8.89% from the company’s previous close. Jefferies Group also issued estimates for Kosmos Energy’s FY2020 earnings at $0.16 EPS, FY2021 earnings at $0.13 EPS and FY2022 earnings at $0.34 EPS.

A number of other research analysts also recently issued reports on KOS. ValuEngine downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Royal Bank of Canada downgraded shares of Kosmos Energy from an “outperform” rating to a “sector perform” rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, October 27th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Kosmos Energy in a research report on Thursday, December 14th. Finally, Bank of America raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.36.

Kosmos Energy (NYSE:KOS) traded up $0.14 during midday trading on Friday, reaching $5.51. 4,210,116 shares of the company’s stock were exchanged, compared to its average volume of 2,842,591. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. The stock has a market cap of $2,090.84, a P/E ratio of -13.77 and a beta of 1.56. Kosmos Energy has a 1-year low of $5.22 and a 1-year high of $8.62.

A number of hedge funds have recently added to or reduced their stakes in KOS. Janus Henderson Group PLC acquired a new stake in Kosmos Energy in the 2nd quarter worth approximately $34,877,000. Dimensional Fund Advisors LP boosted its stake in Kosmos Energy by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,108,820 shares of the oil and gas producer’s stock worth $45,566,000 after purchasing an additional 1,755,918 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Kosmos Energy by 25.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,877,832 shares of the oil and gas producer’s stock worth $54,747,000 after purchasing an additional 1,409,272 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Kosmos Energy in the 4th quarter worth approximately $6,600,000. Finally, State Street Corp boosted its stake in Kosmos Energy by 20.7% in the 2nd quarter. State Street Corp now owns 5,419,234 shares of the oil and gas producer’s stock worth $34,738,000 after purchasing an additional 927,959 shares in the last quarter.

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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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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