Kosmos Energy Ltd. (KOS) Given a $7.00 Price Target at Jefferies Group
Kosmos Energy Ltd. (NYSE:KOS) has been assigned a $7.00 price objective by Jefferies Group in a research note issued on Tuesday. The firm currently has a a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 15.51% from the stock’s current price.
Several other research firms also recently issued reports on KOS. Zacks Investment Research downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. Finally, Royal Bank Of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $9.00 in a report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kosmos Energy has an average rating of “Buy” and an average price target of $8.05.
Kosmos Energy (NYSE:KOS) traded up 4.79% during mid-day trading on Tuesday, hitting $6.35. 560,923 shares of the stock were exchanged. The stock’s 50 day moving average is $6.14 and its 200 day moving average is $5.79. The stock’s market cap is $2.45 billion. Kosmos Energy has a 52-week low of $3.17 and a 52-week high of $8.00.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. During the same period in the prior year, the firm posted ($0.20) earnings per share. The firm’s quarterly revenue was up 37397.7% compared to the same quarter last year. Analysts forecast that Kosmos Energy will post ($0.35) EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Kosmos Energy by 43.0% in the third quarter. Bank of Montreal Can now owns 2,296,983 shares of the company’s stock valued at $14,724,000 after buying an additional 690,827 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Kosmos Energy by 9.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 458,492 shares of the company’s stock valued at $2,499,000 after buying an additional 41,030 shares during the last quarter. Amalgamated Bank boosted its stake in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock valued at $106,000 after buying an additional 616 shares during the last quarter. Jane Street Group LLC purchased a new stake in Kosmos Energy during the second quarter valued at about $537,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock valued at $104,000 after buying an additional 6,712 shares during the last quarter. Hedge funds and other institutional investors own 96.30% of the company’s stock.
Kosmos Energy Company Profile
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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