Barclays Analysts Give Kosmos Energy (KOS) a $9.00 Price Target

Kosmos Energy (NYSE:KOS) has been given a $9.00 target price by stock analysts at Barclays in a research note issued on Thursday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Barclays‘s price objective indicates a potential upside of 72.41% from the company’s current price.

KOS has been the subject of a number of other reports. Zacks Investment Research downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Goldman Sachs Group began coverage on Kosmos Energy in a research report on Tuesday, October 2nd. They set a “neutral” rating on the stock. TheStreet cut Kosmos Energy from a “c-” rating to a “d+” rating in a research report on Friday, December 14th. Exane BNP Paribas cut Kosmos Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, December 10th. Finally, ValuEngine raised Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Kosmos Energy has an average rating of “Buy” and a consensus price target of $9.77.

Shares of Kosmos Energy stock traded up $0.11 during trading hours on Thursday, reaching $5.22. 4,352,235 shares of the stock traded hands, compared to its average volume of 4,953,267. The company has a market cap of $2.15 billion, a P/E ratio of -15.82 and a beta of 1.97. Kosmos Energy has a one year low of $3.53 and a one year high of $9.75. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 2.24.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09). The firm had revenue of $250.20 million for the quarter, compared to the consensus estimate of $239.20 million. Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Research analysts anticipate that Kosmos Energy will post -0.46 EPS for the current fiscal year.

In other news, Director David Benjamin Krieger sold 52,250,000 shares of Kosmos Energy stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $5.40, for a total transaction of $282,150,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.76% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in Kosmos Energy in the 3rd quarter worth approximately $122,000. DekaBank Deutsche Girozentrale lifted its holdings in Kosmos Energy by 218.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 15,434 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 10,584 shares in the last quarter. Laurion Capital Management LP purchased a new position in Kosmos Energy in the 3rd quarter worth approximately $154,000. Hsbc Holdings PLC purchased a new position in Kosmos Energy in the 3rd quarter worth approximately $159,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Kosmos Energy in the 3rd quarter worth approximately $181,000. 92.86% of the stock is currently owned by institutional investors.

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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