Kosmos Energy (NYSE:KOS) Shares Gap Down Following Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS)’s stock price gapped down before the market opened on Friday after Johnson Rice downgraded the stock from a buy rating to an accumulate rating. The stock had previously closed at $1.07, but opened at $1.03. Johnson Rice now has a $3.50 price target on the stock, down from their previous price target of $4.50. Kosmos Energy shares last traded at $1.1550, with a volume of 3,374,681 shares changing hands.

KOS has been the topic of several other reports. Stephens started coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective on the stock. Bank of America reiterated an “underperform” rating and issued a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday. The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price target (down previously from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Finally, Mizuho decreased their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.84.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its position in Kosmos Energy by 34.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 6,888 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 7,169 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Kosmos Energy by 53.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 8,371 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Kosmos Energy by 43.4% in the 2nd quarter. Park Avenue Securities LLC now owns 39,364 shares of the oil and gas producer’s stock worth $68,000 after purchasing an additional 11,916 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Stock Performance

The business’s fifty day moving average is $1.46 and its 200-day moving average is $1.73. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The company has a market cap of $552.47 million, a PE ratio of -1.68 and a beta of 0.95.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $310.96 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. As a group, research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.