Kosmos Energy (KOS) Lowered to “Hold” at ValuEngine

Kosmos Energy (NYSE:KOS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, May 16th. TheStreet raised shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, May 16th. Barclays set a $7.00 target price on shares of Kosmos Energy and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Jefferies Financial Group upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $5.15 to $8.62 in a research note on Monday, June 11th. Finally, Royal Bank of Canada upgraded shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Thursday, July 5th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.29.

Shares of KOS opened at $7.77 on Wednesday. The stock has a market cap of $3.37 billion, a PE ratio of -23.55 and a beta of 1.51. Kosmos Energy has a 1 year low of $5.15 and a 1 year high of $8.94. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.79 and a current ratio of 0.96.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The business had revenue of $215.47 million for the quarter, compared to analyst estimates of $215.07 million. Kosmos Energy had a negative return on equity of 15.21% and a negative net margin of 49.78%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. analysts predict that Kosmos Energy will post -0.05 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in KOS. Vaughan Nelson Investment Management L.P. increased its stake in shares of Kosmos Energy by 53.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 16,722,490 shares of the oil and gas producer’s stock worth $138,295,000 after buying an additional 5,798,740 shares during the period. Millennium Management LLC increased its stake in shares of Kosmos Energy by 335.9% during the first quarter. Millennium Management LLC now owns 5,225,419 shares of the oil and gas producer’s stock worth $32,920,000 after buying an additional 4,026,583 shares during the period. BlackRock Inc. increased its stake in shares of Kosmos Energy by 11.7% during the first quarter. BlackRock Inc. now owns 17,962,978 shares of the oil and gas producer’s stock worth $113,166,000 after buying an additional 1,884,072 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kosmos Energy by 21.8% during the first quarter. Dimensional Fund Advisors LP now owns 10,136,511 shares of the oil and gas producer’s stock worth $63,860,000 after buying an additional 1,810,985 shares during the period. Finally, FMR LLC purchased a new stake in shares of Kosmos Energy during the second quarter worth approximately $7,084,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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