Kosmos Energy Ltd. (NYSE:KOS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday, October 27th.
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. “
Several other brokerages have also weighed in on KOS. BMO Capital Markets restated a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Wednesday, September 27th. Scotiabank set a $7.00 price target on Kosmos Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Jefferies Group LLC lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Sanford C. Bernstein initiated coverage on Kosmos Energy in a research note on Wednesday, September 6th. They issued a “market perform” rating and a $7.00 price target for the company. Finally, Barclays PLC lifted their price target on Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $9.50.
Kosmos Energy (KOS) traded up $0.06 during midday trading on Friday, hitting $8.37. The company’s stock had a trading volume of 1,548,200 shares, compared to its average volume of 2,635,335. Kosmos Energy has a twelve month low of $4.39 and a twelve month high of $8.62. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 126.9% on a year-over-year basis. analysts forecast that Kosmos Energy will post -0.37 EPS for the current year.
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A number of large investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC increased its stake in Kosmos Energy by 3.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after buying an additional 1,010,626 shares in the last quarter. Capital Research Global Investors increased its stake in Kosmos Energy by 15.9% during the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after buying an additional 4,130,107 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Kosmos Energy by 5.2% during the 2nd quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after purchasing an additional 787,145 shares during the last quarter. Prudential PLC boosted its holdings in shares of Kosmos Energy by 17.4% during the 2nd quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after purchasing an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Kosmos Energy by 211.1% during the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after purchasing an additional 8,255,929 shares during the last quarter.
About Kosmos Energy
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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