Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.0786.

Several equities research analysts have commented on KOS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Bank of America reissued an “underperform” rating and set a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. The Goldman Sachs Group lifted their price target on shares of Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Stephens assumed coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price objective for the company.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.68 on Friday. The business’s 50-day moving average price is $1.18 and its 200 day moving average price is $1.45. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.49. The company has a market capitalization of $801.20 million, a PE ratio of -2.46 and a beta of 0.90.

Insider Activity

In related news, CEO Andrew G. Inglis sold 44,628 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total transaction of $63,371.76. Following the completion of the sale, the chief executive officer directly owned 4,227,017 shares of the company’s stock, valued at approximately $6,002,364.14. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nealesh D. Shah sold 24,690 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total value of $35,059.80. Following the sale, the chief financial officer owned 1,705,167 shares of the company’s stock, valued at $2,421,337.14. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 272,844 shares of company stock worth $377,592 over the last three months. Insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC lifted its stake in Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after buying an additional 5,485,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Kosmos Energy by 175.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock valued at $6,140,000 after purchasing an additional 4,308,275 shares during the period. American Century Companies Inc. boosted its stake in Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares during the period. First Trust Advisors LP grew its position in Kosmos Energy by 66.9% in the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock worth $6,396,000 after purchasing an additional 2,825,517 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Kosmos Energy by 333.0% in the second 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 period. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Company Profile

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.