Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $4.12

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.12.

A number of analysts have recently weighed in on KOS shares. Mizuho dropped their price target on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings restated a “sell (d)” rating on shares of Kosmos Energy in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $2.00 target price (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd.

Kosmos Energy Trading Down 1.0%

NYSE:KOS opened at $1.45 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. The business’s 50 day moving average is $1.72 and its two-hundred day moving average is $1.82. Kosmos Energy has a 52 week low of $1.39 and a 52 week high of $4.34. The company has a market cap of $691.08 million, a PE ratio of -4.38 and a beta of 1.43.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. On average, analysts predict that Kosmos Energy will post 0.42 EPS for the current year.

Institutional Trading of Kosmos Energy

Several large investors have recently added to or reduced their stakes in KOS. Rhumbline Advisers increased its position in Kosmos Energy by 14.7% in the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer’s stock valued at $1,519,000 after acquiring an additional 85,431 shares during the period. Park Avenue Securities LLC bought a new position in Kosmos Energy during the 1st quarter valued at $63,000. SG Americas Securities LLC boosted its stake in Kosmos Energy by 95.7% during the 1st quarter. SG Americas Securities LLC now owns 248,425 shares of the oil and gas producer’s stock valued at $566,000 after purchasing an additional 121,479 shares in the last quarter. Inscription Capital LLC bought a new position in Kosmos Energy during the 1st quarter valued at $46,000. Finally, Teacher Retirement System of Texas bought a new position in Kosmos Energy during the 1st quarter valued at $157,000. 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.