Kosmos Energy (NYSE:KOS) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other brokerages also recently weighed in on KOS. Sanford C. Bernstein lowered their price target on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a report on Monday, January 5th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, March 25th. The Goldman Sachs Group raised their price objective on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Bank of America reaffirmed an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Finally, Mizuho dropped their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.19.

Kosmos Energy Stock Up 0.3%

Shares of NYSE:KOS opened at $2.93 on Friday. The firm has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $1.61. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.02. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.45 and a current ratio of 0.75. The company has a market cap of $1.41 billion, a PE ratio of -2.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share for the quarter. The firm had revenue of $294.62 million for the quarter. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. As a group, research analysts expect that Kosmos Energy will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the transaction, the director directly owned 4,974,184 shares in the company, valued at approximately $9,450,949.60. This trade represents a 173.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Josh R. Marion sold 19,656 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $26,928.72. Following the sale, the senior vice president directly owned 197,409 shares of the company’s stock, valued at $270,450.33. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. 1.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently made changes to their positions in the company. Blueshift Asset Management LLC acquired a new position in Kosmos Energy in the second quarter worth approximately $27,000. Parallel Advisors LLC lifted its stake in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares during the last quarter. Captrust Financial Advisors grew its position in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 13,854 shares in the last quarter. Caprock Group LLC bought a new stake in Kosmos Energy in the third quarter worth approximately $53,000. Finally, Old Port Advisors acquired a new position in shares of Kosmos Energy during the 4th quarter worth $27,000. Institutional investors 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.