Shares of Kosmos Energy Ltd (NYSE:KOS) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.57.
A number of equities research analysts have weighed in on the stock. Citigroup Inc upgraded shares of Kosmos Energy from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 20th. Capital One Financial Corp. reiterated an “overweight” rating on shares of Kosmos Energy in a research note on Monday, January 30th. Finally, Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Friday, January 6th.
In other Kosmos Energy news, major shareholder Holdings L.P. Blackstone III sold 13,500,000 shares of the business’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $6.58, for a total transaction of $88,830,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pincus & Co. Warburg sold 48,902,874 shares of the business’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $6.65, for a total transaction of $325,204,112.10. The disclosure for this sale can be found here. 3.74% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in KOS. Boston Partners raised its stake in shares of Kosmos Energy by 2.0% in the third quarter. Boston Partners now owns 3,315,457 shares of the company’s stock worth $21,252,000 after buying an additional 65,151 shares in the last quarter. SG Americas Securities LLC bought a new stake in Kosmos Energy during the third quarter valued at approximately $1,423,000. BlackRock Institutional Trust Company N.A. raised its stake in Kosmos Energy by 12.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,392,238 shares of the company’s stock valued at $28,154,000 after buying an additional 497,279 shares during the period. BlackRock Investment Management LLC raised its stake in Kosmos Energy by 1.2% in the third quarter. BlackRock Investment Management LLC now owns 441,960 shares of the company’s stock valued at $2,833,000 after buying an additional 5,415 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Kosmos Energy by 19.9% in the third quarter. UBS Asset Management Americas Inc. now owns 142,047 shares of the company’s stock valued at $910,000 after buying an additional 23,543 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.
Kosmos Energy (NYSE:KOS) traded up 0.33% during midday trading on Monday, reaching $6.01. The company had a trading volume of 405,418 shares. The firm has a 50-day moving average price of $6.30 and a 200-day moving average price of $6.00. The company’s market capitalization is $2.32 billion. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.39.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 27th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Kosmos Energy had a negative net margin of 68.54% and a negative return on equity of 6.30%. The company earned $210.90 million during the quarter, compared to analyst estimates of $192.08 million. During the same period in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 73.0% on a year-over-year basis. Analysts expect that Kosmos Energy will post ($0.17) EPS for the current fiscal year.
About Kosmos Energy
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.