Kosmos Energy (NYSE:KOS) Given New $4.00 Price Target at The Goldman Sachs Group

Kosmos Energy (NYSE:KOS) had its price target decreased by The Goldman Sachs Group from $5.00 to $4.00 in a research report report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the oil and gas producer’s stock.

Several other research firms have also recently issued reports on KOS. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. Mizuho dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.27.

Kosmos Energy Trading Down 1.5 %

Kosmos Energy stock opened at $2.31 on Thursday. Kosmos Energy has a 52-week low of $2.07 and a 52-week high of $6.58. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.24, a PEG ratio of 5.24 and a beta of 2.31. The firm has a 50-day moving average price of $2.84 and a two-hundred day moving average price of $3.49.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. Sell-side analysts expect that Kosmos Energy will post 0.42 earnings per share for the current year.

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at approximately $12,352,080. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the transaction, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 over the last ninety days. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kosmos Energy by 11.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock worth $6,860,000 after purchasing an additional 172,966 shares during the last quarter. Equinox Partners Investment Management LLC raised its position in Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. American Century Companies Inc. raised its position in Kosmos Energy by 11.3% during the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after acquiring an additional 2,997,438 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Kosmos Energy by 33.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock worth $1,836,000 after acquiring an additional 133,704 shares in the last quarter. Finally, Barclays PLC raised its holdings in Kosmos Energy by 46.5% during the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after buying an additional 962,057 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.