Kosmos Energy Ltd. (NYSE:KOS) Receives $2.29 Consensus PT from Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $2.2917.

A number of brokerages have recently issued reports on KOS. Clarkson Capital began coverage on Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price target for the company. Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their target price for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Bank of America reiterated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Mizuho cut their price target on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 22nd.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently added to or reduced their stakes in KOS. American Century Companies Inc. lifted its position in Kosmos Energy by 14.3% in 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 buying an additional 4,175,537 shares during the last quarter. Patient Capital Management LLC grew its position in Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after acquiring an additional 1,334,930 shares during the last quarter. Equinox Partners Investment Management LLC raised its stake in shares of 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kosmos Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after acquiring an additional 286,593 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Kosmos Energy by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer’s stock worth $19,376,000 after acquiring an additional 424,720 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Up 2.1%

Kosmos Energy stock opened at $0.89 on Friday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $4.01. The stock has a market cap of $425.24 million, a P/E ratio of -1.31 and a beta of 0.95. The firm’s fifty day moving average price is $1.23 and its 200-day moving average price is $1.64.

Kosmos Energy (NYSE:KOS) last posted 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). The business had revenue of $310.96 million for the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. Equities research analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.