Kosmos Energy Ltd. (NYSE:KOS) Stock Has Consensus Target Price of $2.53

Kosmos Energy Ltd. (NYSE:KOS) has received an average recommendation of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $2.53.

Several research firms recently weighed in on KOS. Stephens dropped their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Mizuho raised Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded Kosmos Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Kosmos Energy by 20.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 155,923 shares of the oil and gas producer’s stock valued at $329,000 after buying an additional 27,004 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Kosmos Energy in the 2nd quarter worth approximately $114,000. Squarepoint Ops LLC lifted its position in Kosmos Energy by 813.3% in the 2nd quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock worth $2,904,000 after buying an additional 1,225,813 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Kosmos Energy by 151.0% during the 2nd quarter. Allworth Financial LP now owns 17,312 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 10,415 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Kosmos Energy by 20.9% during the 2nd quarter. Arizona State Retirement System now owns 159,576 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 27,591 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Trading Down 1.6%

NYSE KOS opened at $2.54 on Monday. The firm’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.68. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -2.13, a PEG ratio of 0.17 and a beta of 0.73.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Equities analysts anticipate that Kosmos Energy will post 0.51 EPS for the current year.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. The company focuses on finding, developing and producing oil and natural gas resources, with an emphasis on offshore assets in emerging and established energy regions.

Kosmos has historically concentrated its operations along the Atlantic margins of West Africa, including interests in Ghana, Equatorial Guinea and the waters offshore Mauritania and Senegal. Its activities have included exploration, field development and production of crude oil and natural gas, as well as participation in projects designed to supply natural gas for liquefied natural gas (LNG) production and domestic markets.

Founded in 2003, Kosmos was involved in the discovery and development of major petroleum resources offshore Ghana, including the Jubilee and TEN fields.