Kosmos Energy Ltd (NYSE:KOS) has been given an average recommendation of “Hold” by the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.00.
Several research firms have recently weighed in on KOS. Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 target price on shares of Kosmos Energy in a report on Thursday. BNP Paribas began coverage on Kosmos Energy in a report on Friday, November 24th. They issued an “outperform” rating for the company. Barclays boosted their target price on Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada set a $15.00 target price on Kosmos Energy and gave the company a “buy” rating in a report on Friday, October 27th.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC acquired a new position in Kosmos Energy during the 3rd quarter worth approximately $118,000. Teacher Retirement System of Texas increased its position in Kosmos Energy by 24.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares during the period. Creative Planning acquired a new position in Kosmos Energy during the 2nd quarter worth approximately $128,000. Comerica Bank increased its position in Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the period. Finally, QS Investors LLC increased its position in Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 15,000 shares during the period.
Kosmos Energy (KOS) traded up $0.08 during trading on Monday, hitting $6.75. The stock had a trading volume of 3,709,503 shares, compared to its average volume of 2,216,224. Kosmos Energy has a fifty-two week low of $5.53 and a fifty-two week high of $8.62. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The firm had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $149.10 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 126.9% on a year-over-year basis. equities research analysts expect that Kosmos Energy will post -0.35 EPS for the current year.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.