Credit Suisse Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to an outperform rating in a research note published on Monday, MarketBeat Ratings reports.

KOS has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Kosmos Energy from a hold rating to a strong sell rating in a report on Wednesday, October 11th. BMO Capital Markets reaffirmed a buy rating and set a $9.00 target price on shares of Kosmos Energy in a report on Wednesday, September 27th. Barclays upped their target price on shares of Kosmos Energy from $6.00 to $7.00 and gave the stock an equal weight rating in a report on Wednesday, October 11th. Royal Bank of Canada set a $15.00 target price on shares of Kosmos Energy and gave the stock a buy rating in a report on Friday, October 27th. Finally, Jefferies Group set a $7.00 target price on shares of Kosmos Energy and gave the stock a hold rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $9.45.

Kosmos Energy (KOS) traded down $0.15 during trading hours on Monday, reaching $6.64. 4,442,742 shares of the company’s stock were exchanged, compared to its average volume of 2,974,783. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39. The firm has a market capitalization of $2,620.00, a PE ratio of -16.20 and a beta of 1.57. Kosmos Energy has a 52 week low of $5.53 and a 52 week high of $8.62.

Kosmos Energy (NYSE:KOS) last posted 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 return on equity of 8.88% and a negative net margin of 23.83%. The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The business’s revenue was up 126.9% on a year-over-year basis. equities research analysts predict that Kosmos Energy will post -0.34 earnings per share for the current year.

In related news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the sale, the director now owns 65,191 shares of the company’s stock, valued at $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KOS. Capital World Investors grew its holdings in shares of Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after purchasing an additional 8,255,929 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Kosmos Energy in the second quarter valued at about $34,877,000. Capital Research Global Investors grew its holdings in shares of Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after purchasing an additional 4,130,107 shares during the period. Prudential PLC grew its holdings in shares of Kosmos Energy by 17.4% in the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after purchasing an additional 2,036,371 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kosmos Energy by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,108,820 shares of the oil and gas producer’s stock valued at $45,566,000 after purchasing an additional 1,755,918 shares during the period.

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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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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