Kosmos Energy (NYSE:KOS) Shares Gap Down After Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Friday after Johnson Rice downgraded the stock from a buy rating to an accumulate rating. The stock had previously closed at $1.07, but opened at $1.03. Johnson Rice now has a $3.50 price target on the stock, down from their previous price target of $4.50. Kosmos Energy shares last traded at $1.1550, with a volume of 3,374,681 shares.

Other equities research analysts have also recently issued research reports about the company. Bank of America reiterated an “underperform” rating and issued a $1.00 price objective (down previously from $3.40) on shares of Kosmos Energy in a report on Friday. Stephens started coverage on Kosmos Energy in a report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 target price for the company. Mizuho dropped their price target on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and an average price target of $2.84.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds have recently made changes to their positions in KOS. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kosmos Energy by 30.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,575 shares of the oil and gas producer’s stock worth $350,000 after purchasing an additional 36,215 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Kosmos Energy in the 1st quarter worth about $114,000. Charles Schwab Investment Management Inc. grew its position in shares of Kosmos Energy by 11.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock worth $17,750,000 after buying an additional 815,582 shares during the period. Invesco Ltd. increased its stake in shares of Kosmos Energy by 40.2% in the 1st quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock worth $24,849,000 after acquiring an additional 3,127,003 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Kosmos Energy during the 1st quarter valued at about $232,000. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Stock Performance

The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. The business’s 50-day moving average is $1.46 and its 200-day moving average is $1.73. The company has a market capitalization of $552.47 million, a PE ratio of -1.68 and a beta of 0.95.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. On average, research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

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.