Kosmos Energy (NYSE:KOS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Kosmos Energy (NYSE:KOS) from a buy rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other research firms have also weighed in on KOS. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. Stephens decreased their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group lowered Kosmos Energy from a “buy” rating to a “hold” rating and increased their price objective for the company from $2.75 to $2.90 in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.37.

Kosmos Energy Stock Performance

Shares of KOS opened at $2.12 on Friday. The company’s fifty day moving average is $2.68 and its 200-day moving average is $2.54. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 0.31 and a beta of 0.78. The company has a quick ratio of 0.34, a current ratio of 0.54 and a debt-to-equity ratio of 3.72.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. The business had revenue of $410.06 million for the quarter, compared to the consensus estimate of $466.11 million. Equities analysts expect that Kosmos Energy will post 0.22 EPS for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of institutional investors and hedge funds have recently modified their holdings of KOS. Phoenix Financial Ltd. acquired a new position in Kosmos Energy in the 3rd quarter valued at $47,291,000. M&G PLC lifted its position in Kosmos Energy by 18.6% during the 3rd quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer’s stock worth $22,330,000 after acquiring an additional 1,381,605 shares during the last quarter. First Trust Advisors LP lifted its position in Kosmos Energy by 9.2% during the 1st quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock worth $21,390,000 after acquiring an additional 646,052 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Kosmos Energy by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock worth $19,699,000 after acquiring an additional 1,204,789 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock valued at $15,404,000 after acquiring an additional 689,800 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.