Kosmos Energy (NYSE:KOS) Raised to “Outperform” at Credit Suisse Group

Credit Suisse Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to an outperform rating in a research report report published on Monday, January 8th, MarketBeat Ratings reports.

A number of other analysts also recently commented on the company. Jefferies Group set a $7.00 target price on Kosmos Energy and gave the stock a hold rating in a research report on Wednesday, December 20th. Goldman Sachs Group restated a neutral rating and issued a $9.00 price objective on shares of Kosmos Energy in a research report on Thursday, December 14th. BNP Paribas started coverage on Kosmos Energy in a research report on Friday, November 24th. They issued an outperform rating on the stock. Barclays upped their price objective on Kosmos Energy from $7.00 to $8.00 and gave the company an equal weight rating in a research report on Monday, November 20th. Finally, Zacks Investment Research upgraded Kosmos Energy from a sell rating to a hold rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $9.45.

Kosmos Energy (KOS) opened at $6.99 on Monday. Kosmos Energy has a twelve month low of $5.53 and a twelve month high of $8.62. The firm has a market capitalization of $2,720.00, a price-to-earnings ratio of -17.05 and a beta of 1.57. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The business had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The company’s revenue was up 126.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) EPS. analysts expect that Kosmos Energy will post -0.33 EPS for the current fiscal year.

In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at about $114,000. Schwab Charles Investment Management Inc. grew its stake in Kosmos Energy by 14.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 947,554 shares of the oil and gas producer’s stock valued at $6,491,000 after purchasing an additional 118,411 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Kosmos Energy by 25.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,877,832 shares of the oil and gas producer’s stock valued at $54,747,000 after purchasing an additional 1,409,272 shares in the last quarter. GSA Capital Partners LLP grew its stake in Kosmos Energy by 84.4% during the 3rd quarter. GSA Capital Partners LLP now owns 397,268 shares of the oil and gas producer’s stock valued at $3,162,000 after purchasing an additional 181,779 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Kosmos Energy by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 464,950 shares of the oil and gas producer’s stock valued at $3,701,000 after purchasing an additional 16,750 shares in the last quarter.

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Kosmos Energy Company Profile

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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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