ValuEngine upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a sell rating to a hold rating in a report published on Thursday morning.
A number of other analysts also recently weighed in on KOS. Scotiabank set a $7.00 price target on shares of Kosmos Energy and gave the stock a hold rating in a report on Saturday, July 1st. Jefferies Group LLC set a $8.00 price objective on shares of Kosmos Energy and gave the company a buy rating in a research note on Saturday, June 17th. BMO Capital Markets reissued a buy rating and issued a $9.00 price objective on shares of Kosmos Energy in a research note on Friday, August 4th. Macquarie assumed coverage on shares of Kosmos Energy in a research note on Monday, August 7th. They issued an outperform rating and a $10.00 price objective for the company. Finally, BidaskClub raised shares of Kosmos Energy from a strong sell rating to a sell rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Kosmos Energy presently has a consensus rating of Hold and a consensus price target of $8.71.
Shares of Kosmos Energy (NYSE:KOS) traded up 1.19% on Thursday, reaching $6.83. 2,410,719 shares of the company’s stock were exchanged. The company’s market cap is $2.66 billion. The firm’s 50-day moving average price is $6.44 and its 200 day moving average price is $6.30. Kosmos Energy has a 12 month low of $4.39 and a 12 month high of $7.90.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 220.6% on a year-over-year basis. Equities research analysts predict that Kosmos Energy will post ($0.25) EPS for the current fiscal year.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after buying an additional 4,463 shares during the period. Comerica Bank boosted its position in shares of Kosmos Energy by 16.8% in the first quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 2,701 shares during the period. Koch Industries Inc. acquired a new position in shares of Kosmos Energy during the first quarter valued at about $115,000. Creative Planning acquired a new position in shares of Kosmos Energy during the second quarter valued at about $128,000. Finally, Amalgamated Bank boosted its position in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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