ValuEngine Downgrades Kosmos Energy (NYSE:KOS) to Sell

Kosmos Energy (NYSE:KOS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

A number of other equities analysts also recently commented on KOS. Berenberg Bank reaffirmed a “buy” rating and set a $11.00 target price on shares of Kosmos Energy in a research note on Monday, November 11th. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Barclays set a $8.00 price target on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.19.

Shares of KOS opened at $6.00 on Wednesday. Kosmos Energy has a 52-week low of $3.53 and a 52-week high of $7.55. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 2.36. The stock has a fifty day simple moving average of $6.43 and a two-hundred day simple moving average of $6.15. The company has a market capitalization of $2.46 billion, a PE ratio of -12.77 and a beta of 2.00.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $349.03 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s revenue was up 42.7% compared to the same quarter last year. As a group, equities analysts anticipate that Kosmos Energy will post 0.01 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Algert Global LLC purchased a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $232,000. Swiss National Bank lifted its stake in Kosmos Energy by 19.2% during the second quarter. Swiss National Bank now owns 519,300 shares of the oil and gas producer’s stock worth $3,256,000 after purchasing an additional 83,500 shares in the last quarter. Banco Santander S.A. lifted its stake in Kosmos Energy by 41.3% during the third quarter. Banco Santander S.A. now owns 2,663,065 shares of the oil and gas producer’s stock worth $16,618,000 after purchasing an additional 778,208 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Kosmos Energy by 35.3% during the second quarter. SG Americas Securities LLC now owns 244,691 shares of the oil and gas producer’s stock worth $1,534,000 after buying an additional 63,885 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Kosmos Energy by 9.8% during the second quarter. Royal Bank of Canada now owns 18,740 shares of the oil and gas producer’s stock worth $118,000 after buying an additional 1,674 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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