BNP Paribas Begins Coverage on Kosmos Energy Ltd. (KOS)
BNP Paribas began coverage on shares of Kosmos Energy Ltd. (NYSE:KOS) in a report issued on Friday, Marketbeat reports. The brokerage issued an outperform rating on the oil and gas producer’s stock.
Several other equities research analysts have also recently commented on KOS. TheStreet raised Kosmos Energy from a d+ rating to a c- rating in a research note on Friday, October 6th. ValuEngine raised Kosmos Energy from a sell rating to a hold rating in a research note on Thursday, August 10th. Macquarie started coverage on Kosmos Energy in a report on Monday, August 7th. They issued an outperform rating and a $10.00 target price for the company. Bank of America Corporation started coverage on Kosmos Energy in a report on Friday, September 29th. They issued a neutral rating and a $9.00 target price for the company. Finally, BMO Capital Markets restated a buy rating and issued a $9.00 target price on shares of Kosmos Energy in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $9.60.
Shares of Kosmos Energy (NYSE:KOS) opened at $8.11 on Friday. Kosmos Energy has a 12 month low of $4.60 and a 12 month high of $8.62. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company’s quarterly revenue was up 126.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS. equities research analysts anticipate that Kosmos Energy will post -0.34 EPS for the current fiscal year.
In related news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares in the company, valued at approximately $558,686.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Kosmos Energy by 3.2% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after buying an additional 1,010,626 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Kosmos Energy by 15.9% during the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after buying an additional 4,130,107 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Kosmos Energy by 5.2% during the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after buying an additional 787,145 shares during the last quarter. Prudential PLC lifted its holdings in shares of Kosmos Energy by 17.4% during the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after buying an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Kosmos Energy by 211.1% during the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after buying an additional 8,255,929 shares during the last quarter.
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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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