Wall Street Zen Upgrades Kosmos Energy (NYSE:KOS) to Strong-Buy

Kosmos Energy (NYSE:KOS) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on the company. Stephens dropped their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Finally, Mizuho raised Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kosmos Energy currently has a consensus rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Price Performance

Shares of KOS stock opened at $2.79 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. The company has a market capitalization of $1.66 billion, a P/E ratio of -2.34, a P/E/G ratio of 0.16 and a beta of 0.88. The company’s 50-day simple moving average is $2.74 and its two-hundred day simple moving average is $2.68. Kosmos Energy has a one year low of $0.84 and a one year high of $3.34.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. As a group, equities analysts anticipate that Kosmos Energy will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

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

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent international 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 hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.