Kosmos Energy Ltd. (NYSE:KOS) Receives Average Recommendation of “Hold” from Analysts
Shares of Kosmos Energy Ltd. (NYSE:KOS) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.60.
A number of analysts recently issued reports on KOS shares. BMO Capital Markets set a $9.00 price objective on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Monday, June 26th. BidaskClub downgraded shares of Kosmos Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Citigroup Inc. decreased their price objective on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Jefferies Group LLC set a $8.00 price objective on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Saturday, July 22nd.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 4,463 shares in the last quarter. Comerica Bank acquired a new position in shares of Kosmos Energy during the fourth quarter worth $105,000. Koch Industries Inc. acquired a new position in shares of Kosmos Energy during the first quarter worth $115,000. Creative Planning acquired a new position in shares of Kosmos Energy during the second quarter worth $128,000. Finally, Amalgamated Bank raised its position in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 720 shares in the last quarter.
Shares of Kosmos Energy (KOS) traded up 3.36% during mid-day trading on Tuesday, hitting $7.08. 2,694,358 shares of the company traded hands. The firm has a 50-day moving average of $6.30 and a 200-day moving average of $6.29. Kosmos Energy has a one year low of $4.39 and a one year high of $7.90. The stock’s market capitalization is $2.74 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The business had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same quarter last year, the company posted ($0.11) earnings per share. The firm’s quarterly revenue was up 220.6% compared to the same quarter last year. On average, equities analysts predict that Kosmos Energy will post ($0.29) earnings per share for the current year.
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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