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

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

Several research firms recently issued reports on KOS. Johnson Rice lowered shares of 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. Clarkson Capital assumed coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Bank of America restated an “underperform” rating and set a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Finally, Mizuho cut 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.

Insider Activity

In other news, SVP Josh R. Marion sold 19,656 shares of Kosmos Energy stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,928.72. Following the completion of the transaction, the senior vice president owned 197,409 shares in the company, valued at approximately $270,450.33. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew G. Inglis sold 103,554 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $141,868.98. Following the completion of the transaction, the chief executive officer directly owned 4,271,645 shares in the company, valued at $5,852,153.65. The trade was a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 272,844 shares of company stock valued at $377,592. Company insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors have recently bought and sold shares of the business. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 41.6% in the second 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 purchasing an additional 5,485,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Kosmos Energy by 175.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after buying an additional 4,308,275 shares in the last quarter. American Century Companies Inc. lifted its position in Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after buying an additional 4,175,537 shares in the last quarter. First Trust Advisors LP grew its holdings in Kosmos Energy by 66.9% during the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock worth $6,396,000 after acquiring an additional 2,825,517 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Up 4.4%

Shares of KOS stock opened at $1.78 on Friday. The stock has a market cap of $849.04 million, a P/E ratio of -2.61 and a beta of 0.90. Kosmos Energy has a one year low of $0.84 and a one year high of $3.47. The stock has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.44. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29.

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.