Kosmos Energy (NYSE:KOS) Downgraded by Johnson Rice to Accumulate

Kosmos Energy (NYSE:KOS) was downgraded by stock analysts at Johnson Rice from a “buy” rating to an “accumulate” rating in a research report issued to clients and investors on Friday,Finviz reports. They presently have a $3.50 target price on the oil and gas producer’s stock. Johnson Rice’s target price points to a potential upside of 227.10% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday. Bank of America reiterated an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research note on Friday. Clarkson Capital initiated coverage on Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 target price on the stock. Stephens assumed coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. Finally, Mizuho dropped their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.84.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $1.07 on Friday. The company has a market cap of $511.81 million, a PE ratio of -1.57 and a beta of 0.95. Kosmos Energy has a 12 month low of $1.03 and a 12 month high of $4.01. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The company has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $1.73.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The firm had revenue of $310.96 million for the quarter, compared to analysts’ expectations of $360.82 million. On average, equities analysts anticipate that Kosmos Energy will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after acquiring an additional 5,485,000 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after purchasing an additional 4,175,537 shares during the period. Invesco Ltd. grew its holdings in shares of Kosmos Energy by 40.2% during the 1st quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock worth $24,849,000 after purchasing an additional 3,127,003 shares during the period. Corigliano Investment Advisers LLC acquired a new stake in Kosmos Energy during the 1st quarter worth approximately $7,047,000. Finally, Squarepoint Ops LLC raised its holdings in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after buying an additional 2,477,102 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.