Sanford C. Bernstein Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price target cut by equities researchers at Sanford C. Bernstein from $1.70 to $0.80 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the oil and gas producer’s stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 26.27% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Stephens started coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. Mizuho decreased their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Finally, Clarkson Capital started coverage on Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 price objective for the company. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.09 on Monday. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $4.01. The company has a 50 day moving average of $1.18 and a 200-day moving average of $1.60. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. The firm has a market cap of $518.99 million, a price-to-earnings ratio of -1.59 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last released its quarterly 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). Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $310.96 million for the quarter, compared to the consensus estimate of $360.82 million. On average, equities analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Foster Group Inc. bought a new stake in Kosmos Energy in the second quarter valued at approximately $26,000. Blueshift Asset Management LLC acquired a new position in Kosmos Energy in the second quarter valued at about $27,000. Verum Partners LLC bought a new stake in shares of Kosmos Energy in the second quarter worth about $29,000. Vident Advisory LLC acquired a new stake in shares of Kosmos Energy during the first quarter worth about $30,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Kosmos Energy during the 2nd quarter valued at about $30,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.