Kosmos Energy (NYSE:KOS) Stock Gets Downgrade from Wall Street Zen

Kosmos Energy (NYSE:KOS) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on the stock. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Stephens decreased their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from $2.75 to $2.90 in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $2.37.

Kosmos Energy Stock Up 1.8%

Kosmos Energy stock opened at $2.90 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -2.44, a PEG ratio of 0.17 and a beta of 0.78. The stock has a 50 day moving average of $2.76 and a two-hundred day moving average of $2.50. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. As a group, research analysts expect that Kosmos Energy will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KOS. Swiss Life Asset Management Ltd boosted its holdings in shares of Kosmos Energy by 12.2% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock valued at $82,000 after acquiring an additional 4,215 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Kosmos Energy by 10.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 4,361 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Kosmos Energy by 62.0% during the third quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 4,382 shares during the last quarter. GTS Securities LLC grew its position in shares of Kosmos Energy by 23.8% in the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 5,499 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Kosmos Energy by 7.8% in the 2nd quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock worth $197,000 after buying an additional 6,757 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.