The Goldman Sachs Group Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price target reduced by The Goldman Sachs Group from $3.50 to $3.00 in a report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the oil and gas producer’s stock.

A number of other equities analysts also recently commented on KOS. Mizuho cut their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. StockNews.com raised shares of Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Finally, Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $4.93.

Kosmos Energy Stock Down 2.1%

Shares of KOS opened at $1.65 on Monday. The firm has a market cap of $786.32 million, a PE ratio of 3.74, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company’s fifty day moving average is $1.86 and its two-hundred day moving average is $2.82. Kosmos Energy has a fifty-two week low of $1.39 and a fifty-two week high of $6.22. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The company had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the business. Encompass Capital Advisors LLC purchased a new stake in Kosmos Energy during the 4th quarter worth $35,723,000. Patient Capital Management LLC increased its stake in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after buying an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after buying an additional 5,906,210 shares during the period. William Blair Investment Management LLC increased its stake in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after buying an additional 4,114,499 shares during the period. Finally, Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 39.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after buying an additional 3,218,394 shares during the period. Hedge funds and other 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.