ValuEngine downgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a hold rating to a sell rating in a research report released on Thursday.
Several other brokerages also recently weighed in on KOS. Scotiabank reiterated a hold rating and issued a $8.00 price target on shares of Kosmos Energy in a report on Tuesday, May 16th. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the stock a buy rating in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Kosmos Energy from a strong sell rating to a hold rating in a report on Thursday, May 11th. Citigroup Inc. cut their price target on shares of Kosmos Energy from $10.00 to $8.50 and set a buy rating on the stock in a report on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Kosmos Energy from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Kosmos Energy currently has an average rating of Hold and a consensus price target of $8.50.
Kosmos Energy (KOS) traded up 5.82% during trading on Thursday, hitting $6.55. 1,995,048 shares of the company were exchanged. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $7.90. The stock’s market capitalization is $2.54 billion. The firm’s 50 day moving average price is $6.28 and its 200-day moving average price is $6.29.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The company had revenue of $152 million for the quarter, compared to the consensus estimate of $173.10 million. During the same quarter in the prior year, the company earned ($0.04) EPS. Kosmos Energy’s quarterly revenue was up 144.8% on a year-over-year basis. Equities analysts predict that Kosmos Energy will post ($0.33) EPS for the current year.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.15, for a total value of $214,500,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in Kosmos Energy by 25.2% in the first quarter. Swiss National Bank now owns 315,700 shares of the oil and gas producer’s stock valued at $2,103,000 after buying an additional 63,500 shares in the last quarter. Comerica Bank raised its stake in Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 2,701 shares in the last quarter. Texas Yale Capital Corp. bought a new stake in Kosmos Energy during the first quarter valued at approximately $599,000. BNP Paribas Arbitrage SA raised its stake in Kosmos Energy by 796.6% in the first quarter. BNP Paribas Arbitrage SA now owns 344,887 shares of the oil and gas producer’s stock valued at $2,297,000 after buying an additional 306,419 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Kosmos Energy by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 807,554 shares of the oil and gas producer’s stock valued at $5,379,000 after buying an additional 73,877 shares in the last quarter.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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