Kosmos Energy Ltd. (NYSE:KOS) Receives Average Recommendation of “Buy” from Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.34.

A number of brokerages have issued reports on KOS. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and upped their target price for the stock from $4.50 to $6.25 in a report on Tuesday, June 8th. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 24th. Finally, Sanford C. Bernstein raised Kosmos Energy from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $3.70 to $7.80 in a report on Monday, June 21st.

Large investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new position in shares of Kosmos Energy in the first quarter valued at approximately $32,000. Walleye Trading LLC bought a new position in shares of Kosmos Energy in the second quarter valued at approximately $36,000. Profund Advisors LLC bought a new position in shares of Kosmos Energy in the first quarter valued at approximately $38,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Kosmos Energy in the second quarter valued at approximately $38,000. Finally, Aigen Investment Management LP bought a new position in shares of Kosmos Energy in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 79.46% of the company’s stock.

Shares of KOS stock traded down $0.03 on Thursday, hitting $2.24. 38,263 shares of the company’s stock were exchanged, compared to its average volume of 7,038,652. Kosmos Energy has a 12 month low of $0.90 and a 12 month high of $3.95. The company has a 50 day moving average of $2.29 and a 200 day moving average of $2.83. The company has a debt-to-equity ratio of 7.24, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market cap of $914.98 million, a P/E ratio of -5.28 and a beta of 3.78.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 9th. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Kosmos Energy had a negative return on equity of 37.20% and a negative net margin of 15.40%. The firm had revenue of $384.12 million during the quarter. Sell-side analysts predict that Kosmos Energy will post -0.03 EPS for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firms assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable 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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