Kosmos Energy Ltd. (KOS) Shares Up 6.5%
Kosmos Energy Ltd. (NYSE:KOS) shares shot 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 changing hands. The stock had previously closed at $5.71.
A number of brokerages recently issued reports on KOS. Deutsche Bank AG reduced their price target on Kosmos Energy from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 29th. BMO Capital Markets upped their target price on Kosmos Energy from $6.00 to $8.00 in a report on Wednesday, March 16th. Raymond James Financial Inc. upgraded Kosmos Energy from an “outperform” rating to a “strong-buy” rating and set a $7.00 target price on the stock in a report on Wednesday, May 11th. Zacks Investment Research upgraded Kosmos Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Tuesday. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Kosmos Energy in a report on Tuesday, May 10th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $7.60.
The firm has a 50 day moving average of $5.61 and a 200-day moving average of $5.23. The company’s market cap is $2.29 billion.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. During the same period in the previous year, the business earned ($0.21) EPS. The firm earned $62 million during the quarter, compared to the consensus estimate of $108.13 million. The firm’s revenue for the quarter was down 53.2% on a year-over-year basis. Analysts forecast that Kosmos Energy Ltd. will post ($0.41) earnings per share for the current fiscal year.
Other hedge funds have recently made changes to their positions in the company. Boston Partners increased 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. Dimensional Fund Advisors LP increased its stake in 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 in the last quarter. California Public Employees Retirement System increased its stake in 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 in the last quarter. Finally, California State Teachers Retirement System increased its stake in 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 in 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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