Kosmos Energy Ltd. (NYSE:KOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
Several other research analysts have also recently commented on the stock. RBC Capital Markets raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Royal Bank Of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $8.05.
Shares of Kosmos Energy (NYSE:KOS) opened at 6.27 on Wednesday. The firm’s market cap is $2.42 billion. The stock has a 50 day moving average price of $6.13 and a 200 day moving average price of $5.78. Kosmos Energy has a 12 month low of $3.17 and a 12 month high of $8.00.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Kosmos Energy had a negative net margin of 25.56% and a negative return on equity of 2.63%. The company had revenue of $45.68 million for the quarter, compared to analysts’ expectations of $121.81 million. During the same period last year, the firm earned ($0.20) earnings per share. The business’s revenue for the quarter was up 37397.7% on a year-over-year basis. On average, equities research analysts expect that Kosmos Energy will post ($0.35) EPS for the current year.
A number of hedge funds have recently modified their holdings of KOS. Cubist Systematic Strategies LLC raised its stake in shares of Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock worth $104,000 after buying an additional 6,712 shares in the last quarter. Amalgamated Bank raised its stake in shares of Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock worth $106,000 after buying an additional 616 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock worth $114,000 after buying an additional 4,415 shares in the last quarter. AXA bought a new stake in shares of Kosmos Energy during the second quarter worth $136,000. Finally, Utah Retirement Systems raised its stake in shares of Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock worth $156,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.