Kosmos Energy (NYSE:KOS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on KOS. Stephens lowered their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Stock Performance

NYSE KOS opened at $2.78 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The business’s 50-day moving average price is $2.75 and its 200 day moving average price is $2.68. The firm has a market cap of $1.66 billion, a P/E ratio of -2.34, a P/E/G ratio of 0.16 and a beta of 0.88.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. On average, equities research analysts expect that Kosmos Energy will post 0.57 earnings per share for the current year.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Abel Hall LLC purchased a new stake in shares of Kosmos Energy during the 3rd quarter worth $35,000. Sanders Morris Harris LLC grew its stake in shares of Kosmos Energy by 9.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 78,000 shares of the oil and gas producer’s stock worth $207,000 after purchasing an additional 7,000 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Kosmos Energy by 20.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 155,923 shares of the oil and gas producer’s stock worth $329,000 after purchasing an additional 27,004 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Kosmos Energy during the 2nd quarter worth $114,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Kosmos Energy by 813.3% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent international 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 hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.