Sanford C. Bernstein began coverage on shares of Kosmos Energy Ltd. (NYSE:KOS) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $7.00 target price on the oil and gas producer’s stock.

A number of other research analysts have also recently commented on the company. Johnson Rice started coverage on Kosmos Energy in a research note on Tuesday, June 20th. They set a buy rating on the stock. Citigroup Inc. reduced their price objective on Kosmos Energy from $10.00 to $8.50 and set a buy rating on the stock in a research note on Tuesday, May 9th. BMO Capital Markets set a $10.00 price objective on Kosmos Energy and gave the stock a buy rating in a research note on Thursday, May 25th. Zacks Investment Research cut Kosmos Energy from a hold rating to a strong sell rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC set a $8.00 price objective on Kosmos Energy and gave the stock a buy rating in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Kosmos Energy has a consensus rating of Hold and a consensus price target of $8.50.

Shares of Kosmos Energy (KOS) opened at 7.08 on Wednesday. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $7.90. The company has a 50 day moving average price of $6.78 and a 200 day moving average price of $6.38. The stock’s market cap is $2.75 billion.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 220.6% compared to the same quarter last year. Analysts anticipate that Kosmos Energy will post ($0.27) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in KOS. Teachers Advisors LLC increased its position in shares of Kosmos Energy by 16.8% during the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock worth $1,279,000 after acquiring an additional 26,292 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Kosmos Energy by 1,395.1% during the first quarter. Nationwide Fund Advisors now owns 65,487 shares of the oil and gas producer’s stock worth $436,000 after acquiring an additional 61,107 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Kosmos Energy by 1,809.3% during the first quarter. Wells Fargo & Company MN now owns 581,148 shares of the oil and gas producer’s stock worth $3,870,000 after acquiring an additional 550,710 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Kosmos Energy by 70.7% during the first quarter. Eqis Capital Management Inc. now owns 44,985 shares of the oil and gas producer’s stock worth $300,000 after acquiring an additional 18,625 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Kosmos Energy by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 807,554 shares of the oil and gas producer’s stock worth $5,379,000 after acquiring an additional 73,877 shares during the last quarter.

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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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