Kosmos Energy Ltd. (KOS) Raised to Hold at ValuEngine
Kosmos Energy Ltd. (NYSE:KOS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.
Several other analysts have also commented on the company. Macquarie began coverage on Kosmos Energy in a research note on Monday. They issued an “outperform” rating and a $10.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Friday, August 4th. Jefferies Group LLC set a $8.00 price target on Kosmos Energy and gave the company a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. reduced their price objective on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Finally, Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.71.
Kosmos Energy (KOS) opened at 7.13 on Thursday. The firm has a 50-day moving average of $6.39 and a 200 day moving average of $6.29. The firm’s market capitalization is $2.76 billion. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million for the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. Kosmos Energy’s quarterly revenue was up 220.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. Analysts predict that Kosmos Energy will post ($0.28) earnings per share for the current year.
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In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in KOS. Amalgamated Bank increased its stake in Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 720 shares in the last quarter. Comerica Bank increased 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 worth $113,000 after buying an additional 2,701 shares in the last quarter. SG Americas Securities LLC increased its stake in Kosmos Energy by 1.8% in the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after buying an additional 2,826 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Kosmos Energy by 24.6% in the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after buying an additional 3,778 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Kosmos Energy by 22.1% in the second quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 6,300 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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