Kosmos Energy Ltd. (NYSE:KOS) Stock Has Consensus Target Price of $2.53

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given an average recommendation of “Reduce” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $2.28.

A number of equities research analysts have commented on KOS shares. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Stephens decreased their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Finally, Wall Street Zen raised Kosmos Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th.

Institutional Trading of Kosmos Energy

A number of hedge funds have recently added to or reduced their stakes in KOS. Renaissance Technologies LLC raised its holdings in shares of Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after acquiring an additional 3,691,800 shares during the last quarter. Bank of America Corp DE purchased a new stake in Kosmos Energy in the second quarter valued at approximately $6,188,000. Bank of New York Mellon Corp purchased a new stake in shares of Kosmos Energy in the 2nd quarter valued at $3,913,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Kosmos Energy during the first quarter worth about $4,809,000. Finally, Algert Global LLC lifted its holdings in Kosmos Energy by 98.2% during the 2nd quarter. Algert Global LLC now owns 2,490,698 shares of the oil and gas producer’s stock worth $5,255,000 after buying an additional 1,233,831 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 2.5%

Shares of NYSE:KOS opened at $2.78 on Friday. The company has a 50-day moving average price of $2.77 and a 200-day moving average price of $2.47. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Equities analysts expect that Kosmos Energy will post 0.57 earnings per share for the current year.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.