Barclays Cuts Kosmos Energy (NYSE:KOS) Price Target to $10.00

Kosmos Energy (NYSE:KOS – Get Rating) had its target price lowered by Barclays from $10.75 to $10.00 in a report published on Wednesday, The Fly reports. The firm currently has an overweight rating on the oil and gas producer’s stock.

A number of other equities analysts have also issued reports on the company. TheStreet lowered Kosmos Energy from a b- rating to a c rating in a research report on Monday, February 27th. StockNews.com lowered Kosmos Energy from a hold rating to a sell rating in a research report on Monday, February 27th. Benchmark reaffirmed a buy rating and issued a $10.00 target price on shares of Kosmos Energy in a research report on Tuesday, February 28th. Peel Hunt started coverage on Kosmos Energy in a research report on Friday, March 10th. They issued an add rating and a $8.94 target price on the stock. Finally, Bank of America lowered Kosmos Energy from a buy rating to a neutral rating and cut their target price for the company from $10.00 to $9.60 in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kosmos Energy presently has an average rating of Moderate Buy and an average price target of $130.51.

Kosmos Energy Stock Down 2.7 %

Shares of NYSE KOS opened at $6.20 on Wednesday. Kosmos Energy has a 12-month low of $4.64 and a 12-month high of $8.55. The company has a market cap of $2.85 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.18 and a beta of 2.77. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 2.79. The stock has a fifty day moving average price of $7.51 and a 200 day moving average price of $6.66.

Kosmos Energy (NYSE:KOS – Get Rating) last released its quarterly earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $563.72 million for the quarter. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. During the same quarter last year, the firm posted $0.13 EPS. Research analysts anticipate that Kosmos Energy will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KOS. PNC Financial Services Group Inc. grew its stake in Kosmos Energy by 143.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Kosmos Energy during the 4th quarter worth $27,000. Dark Forest Capital Management LP bought a new position in Kosmos Energy during the 2nd quarter worth $31,000. Captrust Financial Advisors grew its stake in Kosmos Energy by 50.1% during the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 1,467 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Kosmos Energy in the first quarter worth $45,000. 87.13% of the stock is currently owned by institutional investors.

About Kosmos Energy

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the 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.