Kosmos Energy Ltd. (NYSE:KOS) Stock Rated “Reduce” by Wall Street Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have received a consensus rating of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $2.53.

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Finally, Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st.

Kosmos Energy Price Performance

KOS stock opened at $2.50 on Monday. The stock has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $2.69. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.34. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. The company has a market cap of $1.49 billion, a PE ratio of -2.10, a price-to-earnings-growth ratio of 0.16 and a beta of 0.88.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $607.25 million for the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. As a group, research analysts predict that Kosmos Energy will post 0.51 EPS for the current year.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently added to or reduced their stakes in KOS. The Manufacturers Life Insurance Company lifted its stake in shares of Kosmos Energy by 20.9% during the second quarter. The Manufacturers Life Insurance Company now owns 155,923 shares of the oil and gas producer’s stock worth $329,000 after purchasing an additional 27,004 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Kosmos Energy in the second quarter valued at about $114,000. Squarepoint Ops LLC grew its stake in shares of Kosmos Energy by 813.3% in the second quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock valued at $2,904,000 after buying an additional 1,225,813 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Kosmos Energy by 151.0% during the 2nd quarter. Allworth Financial LP now owns 17,312 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 10,415 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Kosmos Energy by 20.9% during the 2nd quarter. Arizona State Retirement System now owns 159,576 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 27,591 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent international energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.