Mizuho Initiates Coverage on Kosmos Energy (NYSE:KOS)

Mizuho began coverage on shares of Kosmos Energy (NYSE:KOS) in a report issued on Thursday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $5.00 price objective on the oil and gas producer’s stock.

A number of other brokerages have also recently weighed in on KOS. Benchmark reiterated a buy rating and set a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, August 6th. 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 research report on Wednesday, July 17th. 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 stock currently has an average rating of Moderate Buy and an average price target of $7.97.

Kosmos Energy Stock Performance

Shares of KOS opened at $4.26 on Thursday. 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 12-month low of $3.75 and a 12-month high of $8.28. The business’s fifty day moving average price is $4.85 and its 200 day moving average price is $5.46. The stock has a market capitalization of $2.01 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.53 and a beta of 2.42.

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). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. Equities research analysts forecast that Kosmos Energy will post 0.42 EPS for the current year.

Institutional Trading of Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Kosmos Energy during the second quarter valued at $395,000. SPX Gestao de Recursos Ltda acquired a new position in Kosmos Energy during the 2nd quarter valued at about $1,924,000. The Manufacturers Life Insurance Company raised its position in shares of Kosmos Energy by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 257,887 shares of the oil and gas producer’s stock worth $1,429,000 after buying an additional 8,197 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Kosmos Energy by 34.9% in the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after acquiring an additional 606,195 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Kosmos Energy by 23.4% in the second quarter. Dark Forest Capital Management LP now owns 276,213 shares of the oil and gas producer’s stock valued at $1,530,000 after acquiring an additional 52,305 shares in the last quarter. 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.