Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $3.40

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.07.

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Kosmos Energy in a research report on Wednesday, October 8th. Clarkson Capital initiated coverage on Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price objective on the stock. Mizuho dropped their target price on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Stephens initiated coverage on Kosmos Energy in a research note on Tuesday. They issued an “equal weight” rating and a $1.75 target price for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price target (down previously from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $1.54 on Friday. The firm has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.79. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $734.23 million, a price-to-earnings ratio of -4.65 and a beta of 1.44. Kosmos Energy has a 52 week low of $1.34 and a 52 week high of $4.22.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 3rd. 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 $311.23 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. On average, equities analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Kosmos Energy

Several hedge funds have recently made changes to their positions in KOS. American Century Companies Inc. raised its position in shares of 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 buying an additional 4,175,537 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Kosmos Energy by 9.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock worth $58,202,000 after acquiring an additional 2,110,306 shares during the last quarter. Patient Capital Management LLC raised its position in Kosmos Energy by 7.4% in 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 purchasing an additional 1,334,930 shares during the period. Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy by 41.6% in 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. Finally, Vanguard Group Inc. lifted its stake 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 valued at $23,772,000 after purchasing an additional 286,593 shares during the last quarter. Hedge funds and other institutional investors 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.