Kosmos Energy Ltd. (NYSE:KOS) Receives New Coverage from Analysts at Macquarie
Equities researchers at Macquarie started coverage on shares of Kosmos Energy Ltd. (NYSE:KOS) in a research note issued on Monday. The brokerage set an “outperform” rating on the oil and gas producer’s stock.
Several other research firms also recently weighed in on KOS. Scotiabank reissued a “hold” rating and issued a $8.00 target price on shares of Kosmos Energy in a research report on Tuesday, May 16th. BMO Capital Markets set a $10.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Citigroup Inc. dropped their target price on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Kosmos Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.50.
Shares of Kosmos Energy (NYSE KOS) traded up 0.61% during trading on Monday, hitting $6.59. 725,633 shares of the company traded hands. The firm has a 50 day moving average price of $6.28 and a 200-day moving average price of $6.29. The stock’s market cap is $2.55 billion. Kosmos Energy has a one year low of $4.39 and a one year high of $7.90.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million for the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The firm’s quarterly revenue was up 220.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. Analysts predict that Kosmos Energy will post ($0.33) EPS for the current year.
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In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $7.15, for a total transaction of $214,500,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in Kosmos Energy during the fourth quarter worth about $105,000. Guggenheim Capital LLC boosted its stake in Kosmos Energy by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 211,044 shares of the oil and gas producer’s stock worth $1,479,000 after buying an additional 3,310 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Kosmos Energy by 36.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 193,604 shares of the oil and gas producer’s stock worth $1,357,000 after buying an additional 51,557 shares during the period. Teachers Advisors LLC boosted its stake in Kosmos Energy by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock worth $1,279,000 after buying an additional 26,292 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Kosmos Energy by 1,395.1% in the first quarter. Nationwide Fund Advisors now owns 65,487 shares of the oil and gas producer’s stock worth $436,000 after buying an additional 61,107 shares during the period.
About Kosmos Energy
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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