Kosmos Energy Ltd. (KOS) Receives New Coverage from Analysts at Sanford C. Bernstein
Sanford C. Bernstein initiated coverage on shares of Kosmos Energy Ltd. (NYSE:KOS) in a report released on Wednesday morning. The firm issued a market perform rating and a $7.00 target price on the oil and gas producer’s stock.
KOS has been the subject of a number of other research reports. BMO Capital Markets set a $9.00 price target on Kosmos Energy and gave the company a buy rating in a research report on Monday, June 26th. Zacks Investment Research upgraded Kosmos Energy from a strong sell rating to a hold rating in a research report on Thursday, May 11th. Citigroup Inc. dropped their target price on Kosmos Energy from $10.00 to $9.00 and set a buy rating for the company in a research report on Friday, July 21st. Macquarie initiated coverage on Kosmos Energy in a research report on Monday, August 7th. They issued an outperform rating and a $10.00 target price for the company. Finally, Scotiabank restated a hold rating and issued a $8.00 target price on shares of Kosmos Energy in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $8.50.
Kosmos Energy (KOS) traded down 1.032% during trading on Wednesday, hitting $7.195. 335,666 shares of the company’s stock traded hands. The company’s market cap is $2.80 billion. The company’s 50 day moving average price is $6.74 and its 200 day moving average price is $6.37. Kosmos Energy has a 52-week low of $4.39 and a 52-week 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The company’s revenue for the quarter was up 220.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS. Analysts expect that Kosmos Energy will post ($0.27) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock valued at $53,843,000 after purchasing an additional 251,660 shares during the last quarter. Wellington Management Group LLP bought a new stake in Kosmos Energy in the first quarter valued at approximately $448,000. Precocity Capital LP bought a new stake in Kosmos Energy in the first quarter valued at approximately $6,660,000. Dimensional Fund Advisors LP lifted its position in Kosmos Energy by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,352,902 shares of the oil and gas producer’s stock valued at $35,646,000 after purchasing an additional 1,069,548 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Kosmos Energy by 1,928.1% in the first quarter. Legal & General Group Plc now owns 394,659 shares of the oil and gas producer’s stock valued at $2,578,000 after purchasing an additional 375,199 shares during the last quarter.
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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