Kosmos Energy (NYSE:KOS) Stock Rating Lowered by Wall Street Zen

Kosmos Energy (NYSE:KOS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other brokerages have also commented on KOS. Stephens cut their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Jefferies Financial Group downgraded Kosmos Energy from a “buy” rating to a “hold” rating and increased their target price for the company from $2.75 to $2.90 in a report on Wednesday, October 28th. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Kosmos Energy has a consensus rating of “Reduce” and an average price target of $2.37.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $2.07 on Friday. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 3.72. The company has a market capitalization of $1.23 billion, a P/E ratio of -2.07, a PEG ratio of 0.34 and a beta of 0.78. The stock’s 50 day moving average is $2.70 and its 200 day moving average is $2.53.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. The firm had revenue of $410.06 million for the quarter, compared to the consensus estimate of $466.11 million. On average, equities research analysts predict that Kosmos Energy will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KOS. Ground Swell Capital LLC bought a new position in shares of Kosmos Energy during the 3rd quarter valued at approximately $53,000. Phoenix Financial Ltd. purchased a new stake in Kosmos Energy in the 3rd quarter worth approximately $47,291,000. Russell Investments Group Ltd. increased its holdings in Kosmos Energy by 18.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,141,299 shares of the oil and gas producer’s stock worth $7,979,000 after acquiring an additional 497,454 shares in the last quarter. O Brien Greene & Co. Inc raised its stake in Kosmos Energy by 77.4% during the 3rd quarter. O Brien Greene & Co. Inc now owns 159,668 shares of the oil and gas producer’s stock worth $406,000 after acquiring an additional 69,668 shares during the period. Finally, Ballast Asset Management LP raised its stake in Kosmos Energy by 16.7% during the 3rd quarter. Ballast Asset Management LP now owns 2,343,733 shares of the oil and gas producer’s stock worth $5,953,000 after acquiring an additional 335,580 shares during the period. Institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas.

Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

The company’s activities include exploration, development and production, as well as marketing the oil and gas produced from its projects.