Kosmos Energy’s (KOS) “Buy” Rating Reaffirmed at Berenberg Bank
Kosmos Energy (LON:KOS)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 850 ($11.11) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 70.00% from the company’s current price.
Separately, Barclays raised their price objective on Kosmos Energy from GBX 850 ($11.11) to GBX 1,000 ($13.07) and gave the company an “overweight” rating in a report on Wednesday, March 6th.
Shares of KOS opened at GBX 500 ($6.53) on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 253.20. Kosmos Energy has a 12 month low of GBX 296 ($3.87) and a 12 month high of GBX 738 ($9.64). The company has a market capitalization of $2.17 billion and a price-to-earnings ratio of -21.01.
Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.
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