Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.75.

A number of equities research analysts have recently weighed in on the stock. 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 objective for the company. Benchmark reduced their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday. Sanford C. Bernstein decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Finally, Bank of America dropped their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 4,640 shares in the last quarter. Synovus Financial Corp bought a new position in Kosmos Energy in the 3rd quarter worth $92,000. Toronto Dominion Bank boosted its stake in shares of Kosmos Energy by 28.0% during the 3rd quarter. Toronto Dominion Bank now owns 517,381 shares of the oil and gas producer’s stock valued at $2,085,000 after purchasing an additional 113,088 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kosmos Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after buying an additional 68,339 shares during the period. Finally, Barclays PLC raised its stake in Kosmos Energy by 46.5% in the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after buying an additional 962,057 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $3.90 on Friday. The stock’s 50-day moving average is $4.04 and its 200 day moving average is $4.84. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 0.51 and a beta of 2.42. Kosmos Energy has a 1-year low of $3.49 and a 1-year high of $7.07. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

About Kosmos Energy

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.