Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $2.08

Kosmos Energy Ltd. (NYSE:KOS) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $2.0786.

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Mizuho reduced their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Stephens assumed coverage on Kosmos Energy in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 target price for the company. Finally, The Goldman Sachs Group upped their price target on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Friday, January 30th.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $2.15 on Friday. The stock has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $1.44. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.16 and a beta of 0.90. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.36.

Insider Buying and Selling at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 103,554 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $141,868.98. Following the transaction, the chief executive officer directly owned 4,271,645 shares in the company, valued at $5,852,153.65. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nealesh D. Shah sold 54,434 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total transaction of $74,574.58. Following the completion of the transaction, the chief financial officer directly owned 1,729,857 shares in the company, valued at approximately $2,369,904.09. The trade was a 3.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 272,844 shares of company stock valued at $377,592. 1.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KOS. Vanguard Personalized Indexing Management LLC grew its stake in shares of Kosmos Energy by 34.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 6,888 shares during the period. Parallel Advisors LLC lifted its stake in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 7,169 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 9,159 shares during the last quarter. Equitable Holdings Inc. grew its position in shares of Kosmos Energy by 30.3% during the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 10,598 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Kosmos Energy by 35.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 11,209 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.