Kosmos Energy (NYSE:KOS) Price Target Raised to $2.00

Kosmos Energy (NYSE:KOS) had its target price hoisted by Sanford C. Bernstein from $1.90 to $2.00 in a report released on Thursday morning,Benzinga reports. They currently have a market perform rating on the oil and gas producer’s stock.

Several other brokerages also recently issued reports on KOS. Jefferies Financial Group downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from $2.75 to $2.90 in a research report on Wednesday, October 28th. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Wall Street Zen downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Sunday, November 8th. Stephens lowered their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Friday, October 30th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy presently has an average rating of “Reduce” and an average target price of $2.54.

Kosmos Energy Stock Performance

Shares of KOS traded up $0.05 during trading hours on Thursday, hitting $2.24. The company had a trading volume of 8,643,969 shares, compared to its average volume of 18,069,620. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -2.24, a PEG ratio of 0.33 and a beta of 0.78. The business has a fifty day moving average of $2.64 and a 200-day moving average of $2.55. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34. The company has a quick ratio of 0.34, a current ratio of 0.54 and a debt-to-equity ratio of 3.72.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Kosmos Energy had a negative return on equity of 1.67% and a negative net margin of 27.21%. The company had revenue of $410.06 million for the quarter, compared to the consensus estimate of $466.11 million. Equities analysts anticipate that Kosmos Energy will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently modified their holdings of KOS. Swiss Life Asset Management Ltd increased its position in Kosmos Energy by 12.2% in 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 period. Public Employees Retirement System of Ohio raised its stake in shares of Kosmos Energy by 10.2% during the first 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 acquiring an additional 4,361 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings 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 period. GTS Securities LLC lifted its holdings in shares of Kosmos Energy by 23.8% during the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 5,499 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Kosmos Energy by 7.8% during the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock worth $197,000 after purchasing an additional 6,757 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.