Kosmos Energy (NYSE:KOS) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Kosmos Energy (NYSE:KOS) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $8.00 target price on the oil and gas producer’s stock.

KOS has been the subject of a number of other research reports. Bank of America lowered their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Mizuho began coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein dropped their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

Kosmos Energy Stock Up 0.6 %

Shares of KOS opened at $4.24 on Wednesday. Kosmos Energy has a 1 year low of $3.69 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The stock has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $5.26. The firm has a market cap of $2.00 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.54 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. On average, analysts forecast that Kosmos Energy will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC grew its position in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock worth $399,000 after buying an additional 2,055 shares during the last quarter. Fruth Investment Management boosted its holdings in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in Kosmos Energy by 1.3% during the 1st quarter. Woodmont Investment Counsel LLC now owns 218,818 shares of the oil and gas producer’s stock valued at $1,304,000 after purchasing an additional 2,888 shares during the period. CWM LLC raised its holdings in Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Kosmos Energy by 13.6% in the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock worth $125,000 after purchasing an additional 3,700 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

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.