Kosmos Energy Ltd. (NYSE:KOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $7.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 8.36% from the stock’s previous close.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
A number of other analysts have also recently weighed in on the stock. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $8.05.
Shares of Kosmos Energy (NYSE:KOS) opened at 6.46 on Wednesday. Kosmos Energy has a 52-week low of $3.17 and a 52-week high of $8.00. The stock’s market cap is $2.49 billion. The firm’s 50-day moving average is $6.09 and its 200 day moving average is $5.76.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. Kosmos Energy had a negative net margin of 25.56% and a negative return on equity of 2.63%. The company had revenue of $45.68 million for the quarter, compared to analysts’ expectations of $121.81 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 37397.7% on a year-over-year basis. Analysts forecast that Kosmos Energy will post ($0.35) earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of KOS. Cubist Systematic Strategies LLC raised its position in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock worth $104,000 after buying an additional 6,712 shares during the period. Amalgamated Bank raised its position in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock worth $106,000 after buying an additional 616 shares during the period. Teacher Retirement System of Texas raised its position in Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock worth $114,000 after buying an additional 4,415 shares during the period. AXA purchased a new position in Kosmos Energy during the second quarter worth $136,000. Finally, Utah Retirement Systems raised its position in Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock worth $156,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 96.40% of the company’s stock.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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