Kosmos Energy Ltd. (NYSE:KOS) Given Average Rating of “Hold” by Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $2.0786.

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Clarkson Capital initiated coverage on shares of Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 price objective on the stock. Bank of America reissued an “underperform” rating and set a $1.00 price objective (down previously from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Finally, Stephens began coverage on Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price for the company.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently modified their holdings of KOS. Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after acquiring an additional 5,485,000 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares during the last quarter. Raiffeisen Bank International AG increased its holdings in Kosmos Energy by 100.0% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock worth $1,860,000 after purchasing an additional 500,000 shares in the last quarter. Patient Capital Management LLC raised its stake in shares of Kosmos Energy by 7.4% in the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after purchasing an additional 1,334,930 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Kosmos Energy by 21.5% in the second quarter. Russell Investments Group Ltd. now owns 6,464,577 shares of the oil and gas producer’s stock worth $11,119,000 after purchasing an additional 1,145,057 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Stock Down 5.1%

Shares of NYSE:KOS opened at $1.21 on Wednesday. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.65. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The business’s 50-day moving average is $1.08 and its 200-day moving average is $1.53. The company has a market capitalization of $576.39 million, a price-to-earnings ratio of -1.77 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Equities research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.