Analysts Set Kosmos Energy Ltd. (NYSE:KOS) PT at $2.08

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.0786.

KOS has been the subject of several research reports. Bank of America reissued an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. Mizuho decreased their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Friday, December 12th. Finally, Clarkson Capital assumed coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price objective for the company.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently bought and sold shares of the business. Equinox Partners Investment Management LLC raised its stake in shares of Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after acquiring an additional 5,485,000 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after purchasing an additional 2,477,102 shares during the last quarter. Raiffeisen Bank International AG increased its position in shares of Kosmos Energy by 100.0% during the second quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock worth $1,860,000 after purchasing an additional 500,000 shares in the last quarter. Patient Capital Management LLC increased its position in shares of Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after purchasing an additional 1,334,930 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Kosmos Energy by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,464,577 shares of the oil and gas producer’s stock valued at $11,119,000 after purchasing an additional 1,145,057 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Price Performance

KOS opened at $1.39 on Wednesday. The business has a fifty day moving average of $1.07 and a 200 day moving average of $1.50. The stock has a market cap of $662.49 million, a P/E ratio of -2.04 and a beta of 0.89. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.49.

Kosmos Energy (NYSE:KOS) last released its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The business had revenue of $310.96 million for the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. As a group, sell-side analysts anticipate that Kosmos Energy will post 0.42 EPS for the current year.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.