Kosmos Energy Ltd. (KOS) Price Target Raised to $7.00 at Barclays PLC
Kosmos Energy Ltd. (NYSE:KOS) had its price objective upped by Barclays PLC from $6.00 to $7.00 in a report issued on Wednesday morning. Barclays PLC currently has an equal weight rating on the oil and gas producer’s stock.
Other research analysts have also issued research reports about the stock. Johnson Rice assumed coverage on shares of Kosmos Energy in a research report on Tuesday, June 20th. They set a buy rating for the company. Jefferies Group LLC set a $8.00 price objective on shares of Kosmos Energy and gave the company a buy rating in a research report on Saturday, June 17th. 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. TheStreet raised shares of Kosmos Energy from a d+ rating to a c- rating in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Kosmos Energy from a hold rating to a strong sell rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $8.44.
Kosmos Energy (KOS) traded down 0.327% during trading on Wednesday, reaching $7.615. The company had a trading volume of 330,640 shares. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $8.21. The stock’s market cap is $2.96 billion. The firm has a 50-day moving average price of $7.45 and a 200 day moving average price of $6.67.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The firm’s revenue for the quarter was up 220.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities research analysts predict that Kosmos Energy will post ($0.24) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after acquiring an additional 720 shares during the period. Comerica Bank increased its stake in Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 2,701 shares during the period. SG Americas Securities LLC increased its stake in Kosmos Energy by 1.8% in the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock valued at $1,029,000 after acquiring an additional 2,826 shares during the period. Teacher Retirement System of Texas increased its stake in Kosmos Energy by 24.6% in the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock valued at $123,000 after acquiring an additional 3,778 shares during the period. Finally, Voya Investment Management LLC increased its stake in Kosmos Energy by 11.2% in the second quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock valued at $342,000 after acquiring an additional 5,379 shares during the period.
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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