Wall Street Zen Upgrades Kosmos Energy (NYSE:KOS) to Hold

Kosmos Energy (NYSE:KOS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Mizuho dropped 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 note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Finally, Bank of America reiterated an “underperform” rating and issued a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.19.

Kosmos Energy Stock Performance

KOS stock opened at $2.93 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The business’s fifty day simple moving average is $2.16 and its two-hundred day simple moving average is $1.61. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.02. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -2.01, a PEG ratio of 0.44 and a beta of 0.65.

Kosmos Energy (NYSE:KOS) last released its earnings results on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share for the quarter. The business had revenue of $294.62 million for the quarter. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. Analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis purchased 315,790 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $1.90 per share, with a total value of $600,001.00. Following the transaction, the chief executive officer owned 4,542,807 shares of the company’s stock, valued at approximately $8,631,333.30. This trade represents a 7.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Michael Stice acquired 52,631 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $1.90 per share, for a total transaction of $99,998.90. Following the completion of the purchase, the director owned 207,620 shares of the company’s stock, valued at approximately $394,478. This represents a 33.96% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 3,684,210 shares of company stock worth $6,999,999 and sold 272,844 shares worth $377,592. Insiders own 1.99% of the company’s stock.

Institutional Trading of Kosmos Energy

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Kosmos Energy by 18.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after acquiring an additional 9,159 shares in the last quarter. Equitable Holdings Inc. lifted its stake in shares of Kosmos Energy by 30.3% during the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 10,598 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Kosmos Energy by 35.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 11,209 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. Hedge funds and other institutional investors 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.