Kosmos Energy Ltd. (KOS) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a sell rating to a hold rating in a research note released on Thursday.
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. “
Several other research analysts also recently commented on the stock. Barclays PLC lifted their target price on shares of Kosmos Energy from $6.00 to $7.00 and gave the stock an equal weight rating in a report on Wednesday, October 11th. Jefferies Group LLC set a $8.00 target price on shares of Kosmos Energy and gave the stock a buy rating in a report on Saturday, July 22nd. Citigroup Inc. dropped their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a buy rating on the stock in a report on Friday, July 21st. BMO Capital Markets set a $11.00 target price on shares of Kosmos Energy and gave the stock a buy rating in a report on Tuesday, October 24th. Finally, Howard Weil upgraded shares of Kosmos Energy from a sector perform rating to a sector outperform rating and set a $12.00 target price on the stock in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Kosmos Energy presently has a consensus rating of Hold and a consensus price target of $9.50.
Kosmos Energy (NYSE KOS) traded up $0.06 during trading on Thursday, hitting $8.37. 1,500,445 shares of the stock were exchanged, compared to its average volume of 2,635,330. The company has a current ratio of 1.66, a quick ratio of 1.54 and a debt-to-equity ratio of 1.07. Kosmos Energy has a fifty-two week low of $4.39 and a fifty-two week high of $8.62.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $151.20 million for 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 firm’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. research analysts expect that Kosmos Energy will post -0.37 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC acquired a new stake in Kosmos Energy in the 3rd quarter worth $118,000. Teacher Retirement System of Texas grew its position in Kosmos Energy by 24.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares during the last quarter. Creative Planning acquired a new stake in Kosmos Energy in the 2nd quarter worth $128,000. JPMorgan Chase & Co. grew its position in Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 7,144 shares during the last quarter. Finally, Comerica Bank grew its position in Kosmos Energy by 19.3% in the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 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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