Kosmos Energy (NYSE:KOS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS) from a sell rating to a hold rating in a research note published on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Sanford C. Bernstein decreased their price objective on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Bank of America reiterated an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Mizuho decreased their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.19.

Kosmos Energy Stock Performance

Shares of KOS opened at $3.09 on Friday. The stock has a 50-day simple moving average of $2.19 and a 200-day simple moving average of $1.62. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.45 and a current ratio of 0.75. The stock has a market capitalization of $1.49 billion, a PE ratio of -2.12, a PEG ratio of 0.44 and a beta of 0.65. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.17.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $294.62 million during the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. On average, analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other news, SVP Josh R. Marion sold 19,656 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the sale, the senior vice president owned 197,409 shares of the company’s stock, valued at approximately $270,450.33. This trade represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nealesh D. Shah bought 157,894 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of $1.90 per share, for a total transaction of $299,998.60. Following the transaction, the chief financial officer directly owned 1,863,061 shares in the company, valued at approximately $3,539,815.90. This represents a 9.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 3,684,210 shares of company stock worth $6,999,999 and have sold 272,844 shares worth $377,592. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Equinox Partners Investment Management LLC increased its position in Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after buying an additional 5,485,000 shares during the period. Squarepoint Ops LLC increased its position in Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after buying an additional 2,477,102 shares during the period. M&G PLC increased its position in Kosmos Energy by 38.3% during the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after buying an additional 2,210,302 shares during the period. First Eagle Investment Management LLC increased its position in Kosmos Energy by 34.1% during the third quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock worth $4,561,000 after buying an additional 698,740 shares during the period. Finally, Rafferty Asset Management LLC increased its position in Kosmos Energy by 40.5% during the third quarter. Rafferty Asset Management LLC now owns 738,806 shares of the oil and gas producer’s stock worth $1,226,000 after buying an additional 212,970 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.