Kosmos Energy (NYSE:KOS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.

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. “

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Goldman Sachs Group raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating and reduced their target price for the company from $11.00 to $9.00 in a report on Tuesday, November 6th. Societe Generale set a $10.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a report on Monday, November 5th. Berenberg Bank began coverage on shares of Kosmos Energy in a report on Thursday, November 1st. They set a “buy” rating and a $12.00 target price on the stock. Finally, Barclays set a $10.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a report on Sunday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.89.

Shares of Kosmos Energy stock traded up $0.14 on Wednesday, hitting $5.25. 1,303,719 shares of the company traded hands, compared to its average volume of 4,902,693. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.88 and a current ratio of 1.02. The stock has a market cap of $2.15 billion, a P/E ratio of -15.91 and a beta of 1.97. Kosmos Energy has a 12-month low of $3.53 and a 12-month high of $9.75.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 5th. The oil and gas producer reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). The company had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $239.20 million. Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. On average, analysts predict that Kosmos Energy will post -0.46 earnings per share for the current year.

In related news, Director David Benjamin Krieger sold 52,250,000 shares of the stock in a transaction on Monday, November 26th. The shares were sold at an average price of $5.40, for a total transaction of $282,150,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.76% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC grew its holdings in Kosmos Energy by 17.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 524,200 shares of the oil and gas producer’s stock worth $4,901,000 after acquiring an additional 79,601 shares during the last quarter. First Trust Advisors LP bought a new stake in Kosmos Energy in the 2nd quarter worth $1,503,000. Legal & General Group Plc grew its holdings in Kosmos Energy by 23.5% in the 2nd quarter. Legal & General Group Plc now owns 140,813 shares of the oil and gas producer’s stock worth $1,165,000 after acquiring an additional 26,811 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Kosmos Energy by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,187,176 shares of the oil and gas producer’s stock worth $9,818,000 after acquiring an additional 42,579 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of Kosmos Energy in the 3rd quarter worth about $208,942,000. 92.86% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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