Kosmos Energy (NYSE:KOS) Given New $7.00 Price Target at Benchmark

Kosmos Energy (NYSE:KOS) had its price target decreased by stock analysts at Benchmark from $8.00 to $7.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Benchmark’s target price indicates a potential upside of 93.37% from the stock’s previous close.

KOS has been the topic of several other reports. Sanford C. Bernstein dropped their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, Mizuho assumed coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.80.

Kosmos Energy Stock Down 1.6 %

KOS opened at $3.62 on Tuesday. Kosmos Energy has a 12 month low of $3.55 and a 12 month high of $7.55. The business has a 50-day moving average of $4.21 and a two-hundred day moving average of $5.07. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.46 and a beta of 2.42. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. On average, research analysts expect that Kosmos Energy will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in Kosmos Energy by 3.0% during the second quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 2,055 shares during the period. Fruth Investment Management raised its stake in shares of Kosmos Energy by 10.2% in the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 2,500 shares in the last quarter. CWM LLC lifted its position in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares during the period. nVerses Capital LLC boosted its position in Kosmos Energy by 13.6% in the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after buying an additional 3,700 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Kosmos Energy by 27.1% during the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock worth $118,000 after purchasing an additional 4,213 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.