Kosmos Energy Ltd. (NYSE:KOS) had its price target raised by Barclays PLC from $6.00 to $7.00 in a research note issued to investors on Wednesday morning. The firm currently has an equal weight rating on the oil and gas producer’s stock.
A number of other research firms have also recently commented on KOS. Bank of America Corporation assumed coverage on Kosmos Energy in a report on Friday, September 29th. They set a neutral rating and a $9.00 price target for the company. BMO Capital Markets reissued a buy rating and set a $9.00 price target on shares of Kosmos Energy in a report on Wednesday, September 27th. Jefferies Group LLC cut Kosmos Energy from a buy rating to a hold rating in a report on Wednesday, October 4th. Zacks Investment Research raised Kosmos Energy from a strong sell rating to a hold rating in a report on Wednesday, September 20th. Finally, TheStreet raised Kosmos Energy from a d+ rating to a c- rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Kosmos Energy presently has an average rating of Hold and an average target price of $8.44.
Shares of Kosmos Energy (NYSE KOS) opened at 7.63 on Wednesday. Kosmos Energy has a one year low of $4.39 and a one year high of $8.21. The company’s market cap is $2.97 billion. The stock’s 50 day moving average price is $7.51 and its 200 day moving average price is $6.69.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The company had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $168.71 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. Kosmos Energy’s revenue was up 220.6% on a year-over-year basis. Equities analysts predict that Kosmos Energy will post ($0.24) earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in Kosmos Energy by 40.8% in the 1st quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock worth $102,000 after purchasing an additional 4,463 shares in the last quarter. Comerica Bank increased its holdings in Kosmos Energy by 16.8% in the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 2,701 shares in the last quarter. Creative Planning acquired a new position in Kosmos Energy in the 2nd quarter worth about $128,000. QS Investors LLC increased its holdings in Kosmos Energy by 192.3% in the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Kosmos Energy by 3.3% in the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after purchasing an additional 720 shares in the last quarter.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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