Kosmos Energy (NYSE:KOS) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Kosmos Energy (NYSE:KOS) from a buy rating to a hold rating in a research report report published on Sunday,Wall Street Zen reports.

KOS has been the topic of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. Jefferies Financial Group cut shares of Kosmos Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from $2.75 to $2.90 in a report on Wednesday, October 28th. Stephens lowered 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 note on Tuesday, July 21st. Finally, Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and an average target price of $2.37.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.11 on Friday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.34 and a current ratio of 0.54. The company has a market cap of $1.26 billion, a PE ratio of -2.11, a P/E/G ratio of 0.32 and a beta of 0.78. The business has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $2.53. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $3.34.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). The company had revenue of $410.06 million for the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. As a group, equities analysts expect that Kosmos Energy will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in Kosmos Energy by 224.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock worth $14,844,000 after purchasing an additional 3,691,800 shares during the period. Bank of America Corp DE acquired a new position in shares of Kosmos Energy in the 2nd quarter valued at about $6,188,000. Bank of New York Mellon Corp acquired a new position in shares of Kosmos Energy in the 2nd quarter valued at about $3,913,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Kosmos Energy in the 1st quarter valued at about $4,809,000. Finally, M&G PLC boosted its stake in shares of Kosmos Energy by 18.6% in the third quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer’s stock worth $22,330,000 after buying an additional 1,381,605 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent 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 resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.