Kosmos Energy Ltd (KOS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Kosmos Energy Ltd (NYSE:KOS) have earned an average recommendation of “Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.02.

A number of brokerages have commented on KOS. Raymond James lowered shares of Kosmos Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of Kosmos Energy in a report on Tuesday, October 2nd. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Finally, Barclays set a $11.00 price objective on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Wednesday, August 29th.

KOS stock traded down $0.21 during trading on Thursday, reaching $5.91. The stock had a trading volume of 3,853,664 shares, compared to its average volume of 2,572,758. Kosmos Energy has a 1-year low of $5.15 and a 1-year 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 capitalization of $2.36 billion, a P/E ratio of -17.91 and a beta of 1.92.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 5th. The oil and gas producer reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.09). Kosmos Energy had a negative return on equity of 21.93% and a negative net margin of 51.49%. 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 earned ($0.09) EPS. The business’s quarterly revenue was up 65.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Kosmos Energy will post -0.3 EPS for the current year.

In other news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total value of $29,462,404.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Benjamin Krieger sold 5,684,429 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $50,818,795.26. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Kosmos Energy during the third quarter worth about $122,000. Trexquant Investment LP acquired a new stake in Kosmos Energy during the second quarter worth about $139,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Kosmos Energy during the third quarter worth about $181,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Kosmos Energy during the third quarter worth about $215,000. Finally, Cubist Systematic Strategies LLC raised its stake in Kosmos Energy by 47.4% during the second quarter. Cubist Systematic Strategies LLC now owns 26,260 shares of the oil and gas producer’s stock worth $217,000 after acquiring an additional 8,441 shares during the period. Institutional investors and hedge funds own 93.97% of the company’s stock.

Kosmos Energy Company Profile

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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