The Goldman Sachs Group Issues Positive Forecast for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price target upped by The Goldman Sachs Group from $1.75 to $2.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 26.98% from the company’s previous close.

KOS has been the topic of a number of other research reports. Stephens assumed coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Mizuho reduced their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Clarkson Capital initiated coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Finally, Bank of America reaffirmed an “underperform” rating and set a $1.00 price target (down previously from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Trading Down 6.8%

Shares of KOS traded down $0.12 during trading hours on Friday, hitting $1.58. The stock had a trading volume of 10,143,000 shares, compared to its average volume of 20,289,621. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.49. The firm has a market cap of $753.37 million, a P/E ratio of -2.32 and a beta of 0.89. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. The company’s fifty day simple moving average is $1.08 and its 200 day simple moving average is $1.50.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The business had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. Equities research analysts forecast that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently modified their holdings of the stock. Blueshift Asset Management LLC bought a new stake in Kosmos Energy in the second quarter valued at about $27,000. Old Port Advisors acquired a new position in Kosmos Energy in the fourth quarter valued at approximately $27,000. Ellevest Inc. acquired a new position in Kosmos Energy in the second quarter valued at approximately $34,000. Public Employees Retirement System of Ohio grew its holdings in shares of Kosmos Energy by 53.2% during the second quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 8,371 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Kosmos Energy during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.