Kosmos Energy (NYSE:KOS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Barclays set a $226.00 target price on shares of Constellation Brands and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Macquarie started coverage on shares of Tullow Oil in a research report on Wednesday, May 1st. They set a neutral rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $8.74.

NYSE:KOS opened at $5.84 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 2.50. The stock’s 50-day simple moving average is $6.04. Kosmos Energy has a one year low of $3.53 and a one year high of $9.75.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $283.07 million. Kosmos Energy had a negative net margin of 9.02% and a negative return on equity of 21.59%. The firm’s revenue for the quarter was up 133.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts predict that Kosmos Energy will post 0.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th were given a $0.0452 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, June 5th. Kosmos Energy’s payout ratio is -38.30%.

A number of hedge funds have recently modified their holdings of KOS. FMR LLC grew its position in Kosmos Energy by 90.6% in the 1st quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock worth $374,967,000 after purchasing an additional 28,613,476 shares in the last quarter. Zimmer Partners LP bought a new stake in Kosmos Energy in the 4th quarter worth about $30,505,000. BlackRock Inc. grew its position in Kosmos Energy by 31.7% in the 4th quarter. BlackRock Inc. now owns 18,806,655 shares of the oil and gas producer’s stock worth $76,544,000 after purchasing an additional 4,528,398 shares in the last quarter. Millennium Management LLC grew its position in Kosmos Energy by 165.6% in the 4th quarter. Millennium Management LLC now owns 6,338,878 shares of the oil and gas producer’s stock worth $25,799,000 after purchasing an additional 3,952,349 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Kosmos Energy by 15.1% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 24,353,195 shares of the oil and gas producer’s stock valued at $151,721,000 after acquiring an additional 3,191,950 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

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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