Kosmos Energy Ltd. (NYSE:KOS) Stock Now Rated “Reduce” by Wall Street Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have received an average recommendation of “Reduce” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.53.

KOS has been the subject of a number of research analyst reports. Stephens lowered their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Finally, Wall Street Zen downgraded Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in Kosmos Energy by 14.2% in the 1st quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after buying an additional 689,800 shares during the last quarter. Banco Santander S.A. boosted its position in Kosmos Energy by 321.9% during the 2nd quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock valued at $1,109,000 after buying an additional 400,842 shares during the period. Squarepoint Ops LLC increased its holdings in Kosmos Energy by 813.3% during the 2nd quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock valued at $2,904,000 after purchasing an additional 1,225,813 shares during the period. Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 6.2% in the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after purchasing an additional 1,208,053 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Kosmos Energy by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after purchasing an additional 1,204,789 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Down 3.1%

NYSE KOS opened at $2.50 on Monday. The stock’s 50 day moving average price is $2.70 and its two-hundred day moving average price is $2.68. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -2.10, a PEG ratio of 0.17 and a beta of 0.88. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.34.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. As a group, analysts anticipate that Kosmos Energy will post 0.51 earnings per share for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent international energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.