Zacks Investment Research upgraded shares of Kosmos Energy Ltd (NYSE:KOS) from a strong sell rating to a hold rating in a research report released on Wednesday.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
A number of other equities analysts also recently commented on the company. Johnson Rice initiated coverage on Kosmos Energy in a research note on Tuesday, June 20th. They issued a buy rating for the company. BMO Capital Markets set a $10.00 target price on Kosmos Energy and gave the company a buy rating in a research note on Thursday, May 25th. Jefferies Group LLC set a $8.00 target price on Kosmos Energy and gave the company a buy rating in a research note on Saturday, July 22nd. Citigroup Inc. decreased their target price on Kosmos Energy from $10.00 to $9.00 and set a buy rating for the company in a research note on Friday, July 21st. Finally, BidaskClub downgraded Kosmos Energy from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $8.50.
Shares of Kosmos Energy (NYSE KOS) opened at 7.86 on Wednesday. The firm’s 50-day moving average price is $6.96 and its 200-day moving average price is $6.45. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $7.90. The firm’s market capitalization is $3.06 billion.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 3.20% and a negative net margin of 6.21%. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. Kosmos Energy’s quarterly revenue was up 220.6% compared to the same quarter last year. On average, equities analysts predict that Kosmos Energy will post ($0.26) earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in KOS. BlackRock Inc. raised its holdings in Kosmos Energy by 9,534.9% during the first quarter. BlackRock Inc. now owns 15,272,898 shares of the oil and gas producer’s stock worth $101,717,000 after purchasing an additional 15,114,381 shares in the last quarter. Capital World Investors raised its holdings in Kosmos Energy by 211.1% during the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after purchasing an additional 8,255,929 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Kosmos Energy in the second quarter valued at $34,877,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Kosmos Energy in the first quarter valued at $35,518,000. Finally, Capital Research Global Investors increased its holdings in shares of Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after buying an additional 4,130,107 shares in the last quarter.
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.
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