StockNews.com Upgrades Kosmos Energy (NYSE:KOS) to “Hold”

StockNews.com upgraded shares of Kosmos Energy (NYSE:KOS) from a sell rating to a hold rating in a report published on Monday morning.

Several other equities research analysts also recently weighed in on the company. Mizuho initiated coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Benchmark dropped their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. 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 report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $5.75.

Kosmos Energy Stock Up 1.8 %

KOS stock opened at $3.90 on Monday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.51 and a beta of 2.42. Kosmos Energy has a fifty-two week low of $3.49 and a fifty-two week high of $7.07. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company’s 50 day moving average price is $4.05 and its 200 day moving average price is $4.84.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 4,640 shares during the last quarter. Synovus Financial Corp bought a new stake in shares of Kosmos Energy in the 3rd quarter valued at approximately $92,000. Toronto Dominion Bank increased its holdings in shares of Kosmos Energy by 28.0% in 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 acquiring an additional 113,088 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kosmos Energy by 0.7% in the 3rd 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 acquiring an additional 68,339 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Kosmos Energy by 46.5% in the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after acquiring an additional 962,057 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.