Kosmos Energy Ltd. (KOS) Trading Up 6.5%
Kosmos Energy Ltd. (NYSE:KOS) was up 6.5% during mid-day trading on Tuesday . The company traded as high as $6.12 and last traded at $6.08, with a volume of 452,897 shares traded. The stock had previously closed at $5.71.
A number of equities research analysts have recently issued reports on KOS shares. BMO Capital Markets boosted their price objective on Kosmos Energy from $6.00 to $8.00 in a report on Wednesday, March 16th. Zacks Investment Research cut Kosmos Energy from a “buy” rating to a “hold” rating and set a $6.75 price objective for the company. in a report on Tuesday, March 22nd. Deutsche Bank AG reduced their price objective on Kosmos Energy from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Credit Suisse Group AG restated a “buy” rating on shares of Kosmos Energy in a report on Tuesday, May 10th. Finally, Raymond James Financial Inc. upgraded Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $7.60.
The company’s 50-day moving average is $5.56 and its 200 day moving average is $5.22. The stock’s market capitalization is $2.36 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. The firm earned $62 million during the quarter, compared to analysts’ expectations of $108.13 million. During the same quarter last year, the business posted ($0.21) EPS. The company’s quarterly revenue was down 53.2% on a year-over-year basis. Analysts anticipate that Kosmos Energy Ltd. will post ($0.40) EPS for the current year.
Several large investors recently modified their holdings of KOS. Dimensional Fund Advisors LP raised its stake in shares of Kosmos Energy by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,161,911 shares of the company’s stock valued at $11,241,000 after buying an additional 221,617 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Kosmos Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 301,461 shares of the company’s stock valued at $1,568,000 after buying an additional 4,742 shares during the last quarter. Boston Partners raised its stake in shares of Kosmos Energy by 7.9% in the fourth quarter. Boston Partners now owns 6,420,843 shares of the company’s stock valued at $33,388,000 after buying an additional 472,078 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Kosmos Energy by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 419,300 shares of the company’s stock valued at $2,180,000 after buying an additional 18,700 shares during the last quarter.
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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