Kosmos Energy Ltd (KOS) Lifted to “Hold” at Zacks Investment Research
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 research firms have also recently commented on KOS. Capital One Financial Corp. reaffirmed an overweight rating on shares of Kosmos Energy in a research report on Monday, January 30th. Citigroup Inc raised shares of Kosmos Energy from a neutral rating to a buy rating in a research report on Tuesday, December 20th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $10.00 target price (up previously from $9.00) on shares of Kosmos Energy in a research report on Thursday, March 9th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $8.80.
Shares of Kosmos Energy (NYSE:KOS) opened at 5.99 on Wednesday. Kosmos Energy has a 12-month low of $4.39 and a 12-month high of $7.39. The company’s market capitalization is $2.31 billion. The stock has a 50 day moving average of $6.13 and a 200-day moving average of $5.99.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, February 27th. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Kosmos Energy had a negative net margin of 68.54% and a negative return on equity of 6.30%. The company had revenue of $210.90 million for the quarter, compared to analysts’ expectations of $192.08 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Kosmos Energy’s revenue for the quarter was up 73.0% compared to the same quarter last year. Analysts predict that Kosmos Energy will post ($0.29) earnings per share for the current fiscal year.
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In other Kosmos Energy news, SVP Jason Doughty purchased 8,347 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were bought at an average cost of $6.00 per share, for a total transaction of $50,082.00. Following the completion of the purchase, the senior vice president now directly owns 400,354 shares of the company’s stock, valued at $2,402,124. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 13,500,000 shares of the business’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $6.58, for a total transaction of $88,830,000.00. The disclosure for this sale can be found here. 3.74% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $105,000. Wells Fargo & Company MN raised its stake in shares of Kosmos Energy by 26.3% in the third quarter. Wells Fargo & Company MN now owns 20,726 shares of the company’s stock worth $133,000 after buying an additional 4,311 shares during the period. Princeton Alpha Management LP acquired a new stake in shares of Kosmos Energy during the third quarter worth about $143,000. Teza Capital Management LLC acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $155,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $189,000. Institutional investors own 97.23% of the company’s stock.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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