Kosmos Energy’s (KOS) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of Kosmos Energy (NYSE:KOS) in a research report report published on Monday, MarketBeat.com reports. The Goldman Sachs Group currently has a $2.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $3.00.

Several other research analysts have also weighed in on KOS. Mizuho lowered their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Benchmark reissued a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.12.

Kosmos Energy Stock Performance

KOS stock opened at $1.79 on Monday. The stock has a 50-day moving average price of $1.84 and a 200-day moving average price of $1.89. Kosmos Energy has a 1-year low of $1.39 and a 1-year high of $4.69. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The firm has a market cap of $853.68 million, a PE ratio of -5.41 and a beta of 1.57.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The business had revenue of $393.52 million during the quarter, compared to the consensus estimate of $444.26 million. As a group, equities research analysts expect that Kosmos Energy will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds have recently added to or reduced their stakes in KOS. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after purchasing an additional 5,485,000 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 valued at $57,467,000 after purchasing an additional 4,175,537 shares during the last quarter. Invesco Ltd. boosted its stake in 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 valued at $24,849,000 after purchasing an additional 3,127,003 shares during the last quarter. Corigliano Investment Advisers LLC acquired a new position in Kosmos Energy during the 1st quarter valued at about $7,047,000. Finally, Squarepoint Ops LLC boosted its stake in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares during the last quarter. Institutional investors and hedge funds 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.