Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.93.

KOS has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Mizuho cut their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Benchmark restated a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded Kosmos Energy to a “sell” rating in a research report on Friday, May 16th.

Insider Activity

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director now owns 29,921 shares of the company’s stock, valued at $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.99% of the company’s stock.

Institutional Trading of Kosmos Energy

A number of large investors have recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kosmos Energy by 22.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after acquiring an additional 5,906,210 shares during the last quarter. American Century Companies Inc. boosted its stake in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after buying an additional 2,997,438 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Kosmos Energy by 9.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock worth $58,202,000 after buying an additional 2,110,306 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after buying an additional 4,114,499 shares during the last quarter. Finally, Patient Capital Management LLC boosted its stake in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after buying an additional 7,707,707 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $2.26 on Tuesday. The business has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $2.58. The stock has a market capitalization of $1.08 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. Kosmos Energy has a 12 month low of $1.39 and a 12 month high of $5.97.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $290.43 million during the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Equities analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.