Kosmos Energy Ltd. (KOS) Downgraded by Zacks Investment Research
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
Several other brokerages also recently commented on KOS. RBC Capital Markets raised Kosmos Energy from a sector perform rating to an outperform rating and lifted their target price for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada raised Kosmos Energy from a sector perform rating to an outperform rating and lifted their target price for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $8.05.
Kosmos Energy (NYSE:KOS) opened at 6.20 on Wednesday. The stock’s 50 day moving average price is $6.13 and its 200 day moving average price is $5.78. The firm’s market capitalization is $2.39 billion. Kosmos Energy has a 52-week low of $3.17 and a 52-week high of $8.00.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The company had revenue of $45.68 million for the quarter, compared to the consensus estimate of $121.81 million. During the same quarter last year, the business posted ($0.20) EPS. Kosmos Energy’s revenue for the quarter was up 37397.7% on a year-over-year basis. On average, analysts predict that Kosmos Energy will post ($0.35) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its position in Kosmos Energy by 72.4% in the first quarter. TIAA CREF Investment Management LLC now owns 602,365 shares of the company’s stock valued at $3,506,000 after buying an additional 252,898 shares during the period. Teachers Advisors Inc. raised its position in Kosmos Energy by 80.0% in the first quarter. Teachers Advisors Inc. now owns 348,347 shares of the company’s stock valued at $2,027,000 after buying an additional 154,820 shares during the period. BlackRock Inc. raised its position in Kosmos Energy by 7.0% in the first quarter. BlackRock Inc. now owns 312,471 shares of the company’s stock valued at $1,818,000 after buying an additional 20,463 shares during the period. BlackRock Group LTD raised its position in Kosmos Energy by 20.7% in the first quarter. BlackRock Group LTD now owns 3,193,645 shares of the company’s stock valued at $18,587,000 after buying an additional 547,483 shares during the period. Finally, Zebra Capital Management LLC acquired a new position in Kosmos Energy during the first quarter valued at $651,000. 96.30% of the stock is owned by hedge funds and other institutional investors.
About Kosmos Energy
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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