Kosmos Energy (NYSE:KOS) Price Target Raised to $2.00

Kosmos Energy (NYSE:KOS) had its price objective increased by equities research analysts at Sanford C. Bernstein from $1.90 to $2.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the oil and gas producer’s stock. Sanford C. Bernstein‘s target price indicates a potential downside of 2.91% from the company’s previous close.

Several other equities research analysts also recently issued reports on KOS. Jefferies Financial Group downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $2.75 to $2.90 in a research note on Wednesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. 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 research note on Tuesday, July 21st. Wall Street Zen lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Mizuho raised Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $2.54.

Kosmos Energy Stock Down 2.4%

Shares of NYSE KOS opened at $2.06 on Thursday. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The stock has a market capitalization of $1.23 billion, a PE ratio of -2.06, a P/E/G ratio of 0.32 and a beta of 0.78. The company has a quick ratio of 0.34, a current ratio of 0.54 and a debt-to-equity ratio of 3.72. The firm has a fifty day moving average of $2.66 and a 200-day moving average of $2.54.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. On average, analysts anticipate that Kosmos Energy will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently made changes to their positions in KOS. Phoenix Financial Ltd. purchased a new position in shares of Kosmos Energy during the 3rd quarter valued at approximately $47,291,000. M&G PLC grew its position in shares of Kosmos Energy by 18.6% during the third quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer’s stock worth $22,330,000 after buying an additional 1,381,605 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Kosmos Energy by 9.2% in the first quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock worth $21,390,000 after buying an additional 646,052 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kosmos Energy by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock worth $19,699,000 after buying an additional 1,204,789 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Kosmos Energy by 14.2% in the first 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. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.