Zacks Investment Research upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a strong sell rating to a hold rating in a research report released on Wednesday.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
A number of other equities research analysts have also issued reports on KOS. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the stock a buy rating in a report on Thursday, May 25th. Jefferies Group LLC set a $8.00 price target on shares of Kosmos Energy and gave the stock a buy rating in a report on Saturday, June 17th. Johnson Rice started coverage on shares of Kosmos Energy in a report on Tuesday, June 20th. They issued a buy rating on the stock. ValuEngine lowered shares of Kosmos Energy from a hold rating to a sell rating in a report on Tuesday, June 20th. Finally, BidaskClub lowered shares of Kosmos Energy from a sell rating to a strong sell rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $8.50.
Shares of Kosmos Energy (NYSE:KOS) opened at 7.74 on Wednesday. The company’s market cap is $3.01 billion. Kosmos Energy has a 52 week low of $4.39 and a 52 week high of $7.90. The company has a 50 day moving average of $6.96 and a 200 day moving average of $6.45.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The firm’s revenue was up 220.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. On average, analysts expect that Kosmos Energy will post ($0.26) EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Kosmos Energy by 3.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock valued at $210,687,000 after purchasing an additional 1,010,626 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Kosmos Energy by 15.9% during the 2nd quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock valued at $193,282,000 after purchasing an additional 4,130,107 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Kosmos Energy by 5.2% during the 2nd quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock valued at $102,942,000 after purchasing an additional 787,145 shares in the last quarter. Prudential PLC boosted its stake in shares of Kosmos Energy by 17.4% during the 2nd quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock valued at $88,149,000 after purchasing an additional 2,036,371 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Kosmos Energy by 211.1% during the 2nd quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock valued at $77,986,000 after purchasing an additional 8,255,929 shares in the last quarter.
About Kosmos Energy
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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