Kosmos Energy Ltd. (NYSE:KOS) Given Average Rating of “Hold” by Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has earned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $2.0786.

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Mizuho dropped their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Friday, December 12th. Bank of America restated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Finally, Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $4.50 to $3.50 in a research report on Friday, December 5th.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $2.32 on Thursday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.75 and a quick ratio of 0.45. The firm has a market cap of $1.12 billion, a P/E ratio of -1.59 and a beta of 0.76. The firm has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $1.51. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $2.77.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm had revenue of $294.62 million for the quarter, compared to analyst estimates of $323.46 million. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. Sell-side analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director Adebayo O. Ogunlesi acquired 3,157,895 shares of Kosmos Energy stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the purchase, the director owned 4,974,184 shares in the company, valued at $9,450,949.60. The trade was a 173.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Michael Stice bought 52,631 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director directly owned 207,620 shares in the company, valued at approximately $394,478. The trade was a 33.96% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in KOS. Equinox Partners Investment Management LLC increased its stake in shares of Kosmos Energy by 41.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after acquiring an additional 2,477,102 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in Kosmos Energy by 100.0% during the second quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock valued at $1,860,000 after purchasing an additional 500,000 shares during the period. Patient Capital Management LLC grew its holdings in Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after purchasing an additional 1,334,930 shares during the period. Finally, M&G PLC increased its stake in Kosmos Energy by 38.3% in the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock valued at $13,244,000 after purchasing an additional 2,210,302 shares in the last quarter. Institutional investors and hedge funds 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.