Kosmos Energy Ltd. (NYSE:KOS) Stock Has Consensus Price Target of $2.53 According to Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned an average rating of “Reduce” from the eight brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2.28.

A number of research firms have recently issued reports on KOS. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Kosmos Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Finally, Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after purchasing an additional 689,800 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Kosmos Energy by 321.9% during the 2nd quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock worth $1,109,000 after buying an additional 400,842 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Kosmos Energy by 813.3% in the second quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock valued at $2,904,000 after purchasing an additional 1,225,813 shares during the period. Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 6.2% in the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after buying an additional 1,208,053 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kosmos Energy by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after acquiring an additional 1,204,789 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Price Performance

KOS stock opened at $2.88 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of -2.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.88. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The company has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $2.68. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.34.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The business had revenue of $607.25 million for the quarter, compared to the consensus estimate of $483.23 million. Analysts anticipate that Kosmos Energy will post 0.57 earnings per share for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.