Kosmos Energy Ltd. (KOS) Receives $8.50 Consensus Price Target from Analysts
Kosmos Energy Ltd. (NYSE:KOS) has been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.50.
A number of equities research analysts have commented on the stock. Jefferies Group LLC increased their price objective on shares of Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Johnson Rice assumed coverage on shares of Kosmos Energy in a research report on Tuesday, June 20th. They issued a “buy” rating on the stock. Scotiabank set a $7.00 price objective on shares of Kosmos Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $10.00 price objective on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, BidaskClub raised shares of Kosmos Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. increased its position in Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock worth $53,843,000 after buying an additional 251,660 shares during the period. Eqis Capital Management Inc. increased its position in Kosmos Energy by 27.1% in the second quarter. Eqis Capital Management Inc. now owns 57,197 shares of the oil and gas producer’s stock worth $367,000 after buying an additional 12,212 shares during the period. Creative Planning bought a new position in Kosmos Energy during the second quarter worth approximately $128,000. Genesis Asset Managers LLP increased its position in Kosmos Energy by 32.7% in the second quarter. Genesis Asset Managers LLP now owns 12,138,219 shares of the oil and gas producer’s stock worth $77,806,000 after buying an additional 2,991,253 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Kosmos Energy by 134.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,683,128 shares of the oil and gas producer’s stock worth $24,529,000 after buying an additional 2,111,884 shares during the period.
Shares of Kosmos Energy (NYSE KOS) traded up 2.55% during trading on Friday, reaching $6.44. 1,942,788 shares of the company traded hands. The company’s market capitalization is $2.49 billion. The firm’s 50 day moving average price is $6.19 and its 200-day moving average price is $6.32. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The firm had revenue of $152 million for the quarter, compared to the consensus estimate of $173.10 million. During the same period in the prior year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 144.8% on a year-over-year basis. Equities analysts anticipate that Kosmos Energy will post ($0.26) EPS for the current fiscal year.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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