Kosmos Energy (NYSE:KOS) has been given a $9.00 price target by investment analysts at Barclays in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Barclays‘s price objective would suggest a potential upside of 72.41% from the company’s current price.
KOS has been the topic of several other research reports. Goldman Sachs Group raised Kosmos Energy from a “neutral” rating to a “buy” rating and cut their price objective for the company from $11.00 to $9.00 in a research report on Tuesday, November 6th. Zacks Investment Research downgraded Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Raymond James downgraded 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. Societe Generale set a $10.00 price objective on Kosmos Energy and gave the company a “buy” rating in a research report on Monday, November 5th. Finally, ValuEngine raised Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.77.
Shares of NYSE KOS traded up $0.11 during trading hours on Thursday, hitting $5.22. 4,352,235 shares of the company 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. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.88 and a current ratio of 1.02. Kosmos Energy has a 12 month low of $3.53 and a 12 month high of $9.75.
In other news, Director David Benjamin Krieger sold 52,250,000 shares of the stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. 3.76% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KOS. FMR LLC grew its position in shares of Kosmos Energy by 2,638.8% during the 3rd quarter. FMR LLC now owns 23,460,244 shares of the oil and gas producer’s stock worth $219,354,000 after buying an additional 22,603,644 shares in the last quarter. Capital World Investors purchased a new stake in shares of Kosmos Energy during the 3rd quarter worth $208,942,000. First Trust Advisors LP lifted its stake in shares of Kosmos Energy by 1,464.4% during the 3rd quarter. First Trust Advisors LP now owns 2,844,048 shares of the oil and gas producer’s stock worth $26,592,000 after purchasing an additional 2,662,255 shares during the last quarter. FIL Ltd lifted its stake in shares of Kosmos Energy by 340.3% during the 3rd quarter. FIL Ltd now owns 2,861,682 shares of the oil and gas producer’s stock worth $27,415,000 after purchasing an additional 2,211,682 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of Kosmos Energy by 138.7% during the 3rd quarter. Artemis Investment Management LLP now owns 1,868,773 shares of the oil and gas producer’s stock worth $15,857,000 after purchasing an additional 1,085,969 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors and hedge funds.
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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