Kosmos Energy (NYSE:KOS) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a report published on Tuesday morning.

Several other brokerages also recently commented on KOS. Mizuho started coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Bank of America cut their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Benchmark lowered their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has an average rating of “Hold” and an average target price of $6.60.

Kosmos Energy Stock Up 2.6 %

Shares of NYSE:KOS opened at $3.72 on Tuesday. The firm has a fifty day moving average price of $4.19 and a two-hundred day moving average price of $5.05. 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 has a one year low of $3.55 and a one year high of $7.55. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.46 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last announced 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). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The firm had revenue of $450.94 million during the quarter. Analysts anticipate that Kosmos Energy will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after purchasing an additional 3,636,663 shares during the last quarter. M&G Plc bought a new stake in Kosmos Energy in the first quarter worth $20,800,000. Webs Creek Capital Management LP bought a new stake in Kosmos Energy in the first quarter worth $17,396,000. Equinox Partners Investment Management LLC lifted its stake in Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Kosmos Energy by 13.5% in the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after purchasing an additional 1,624,495 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.