Kosmos Energy (KOS) Lifted to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have $9.00 price target on the oil and gas producer’s stock, down from their previous price target of $11.00.

Several other research analysts also recently issued reports on the stock. Societe Generale set a $10.00 price target on shares of Kosmos Energy and gave the stock a buy rating in a research report on Monday. Berenberg Bank began coverage on shares of Kosmos Energy in a research report on Thursday, November 1st. They set a buy rating and a $12.00 price target on the stock. ValuEngine downgraded shares of Kosmos Energy from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Kosmos Energy from a hold rating to a buy rating and set a $9.50 price target on the stock in a research report on Friday, October 12th. Finally, Raymond James downgraded shares of Kosmos Energy from a strong-buy rating to an outperform rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Kosmos Energy has an average rating of Buy and an average target price of $10.02.

Shares of NYSE:KOS remained flat at $$5.92 on Tuesday. 2,122,709 shares of the stock traded hands, compared to its average volume of 2,892,408. Kosmos Energy has a 52 week low of $5.15 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market cap of $2.36 billion, a P/E ratio of -17.92 and a beta of 1.92.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. The firm had revenue of $250.20 million during the quarter, compared to analyst estimates of $239.20 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 65.5% on a year-over-year basis. On average, equities research analysts predict that Kosmos Energy will post -0.41 earnings per share for the current fiscal year.

In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Benjamin Krieger sold 5,684,429 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total value of $50,818,795.26. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.

A number of large investors have recently made changes to their positions in KOS. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 53.1% during the 2nd 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 purchasing an additional 5,798,740 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Kosmos Energy by 1,464.4% in the 3rd quarter. First Trust Advisors LP now owns 2,844,048 shares of the oil and gas producer’s stock valued at $26,592,000 after acquiring an additional 2,662,255 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of Kosmos Energy by 138.7% in the 3rd quarter. Artemis Investment Management LLP now owns 1,868,773 shares of the oil and gas producer’s stock valued at $15,857,000 after acquiring an additional 1,085,969 shares during the last quarter. FMR LLC bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at about $7,084,000. Finally, CI Investments Inc. bought a new stake in shares of Kosmos Energy in the 3rd quarter valued at about $6,900,000. 93.97% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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