Kosmos Energy (NYSE:KOS) Upgraded at The Goldman Sachs Group

Kosmos Energy (NYSE:KOS) was upgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm currently has a $4.50 price objective on the oil and gas producer’s stock, up from their previous price objective of $2.40. The Goldman Sachs Group’s price objective suggests a potential upside of 59.57% from the company’s previous close.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 18th. Renaissance Capital cut Kosmos Energy from a “buy” rating to a “hold” rating and set a $2.30 price objective for the company. in a research report on Wednesday, December 16th. Panmure Gordon started coverage on Kosmos Energy in a research report on Wednesday, December 16th. They issued a “buy” rating and a $2.89 price objective for the company. Finally, Berenberg Bank restated a “buy” rating on shares of Kosmos Energy in a research report on Wednesday, December 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Kosmos Energy has an average rating of “Hold” and a consensus target price of $2.78.

Shares of KOS stock opened at $2.82 on Tuesday. The stock has a 50 day moving average of $2.70 and a 200 day moving average of $1.82. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 5.15. The stock has a market cap of $1.14 billion, a P/E ratio of -2.52 and a beta of 3.77. Kosmos Energy has a twelve month low of $0.50 and a twelve month high of $4.79.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Sunday, February 21st. The oil and gas producer reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. Kosmos Energy had a negative return on equity of 41.86% and a negative net margin of 45.99%. On average, research analysts predict that Kosmos Energy will post -0.67 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Metropolitan Life Insurance Co NY acquired a new position in Kosmos Energy during the first quarter worth $54,000. M&G Investment Management Ltd. lifted its stake in shares of Kosmos Energy by 7.2% in the 3rd quarter. M&G Investment Management Ltd. now owns 15,156,695 shares of the oil and gas producer’s stock valued at $15,157,000 after purchasing an additional 1,014,426 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $149,000. BNP Paribas Arbitrage SA lifted its stake in shares of Kosmos Energy by 115.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 160,226 shares of the oil and gas producer’s stock valued at $156,000 after purchasing an additional 85,977 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Kosmos Energy by 62.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 525,234 shares of the oil and gas producer’s stock valued at $512,000 after purchasing an additional 201,850 shares during the last quarter. 80.36% of the stock is currently owned by institutional investors.

About Kosmos Energy

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.

Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.