Kosmos Energy Ltd. (NYSE:KOS) Given Average Recommendation of “Moderate Buy” by Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $4.93.

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Benchmark reissued a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho reduced their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th.

Insider Transactions at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director now directly owns 29,921 shares of the company’s stock, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $30,000. VSM Wealth Advisory LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at approximately $34,000. Disciplined Investors L.L.C. acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at approximately $36,000. Sapient Capital LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth approximately $37,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth approximately $45,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $2.26 on Tuesday. The company’s fifty day moving average price is $1.76 and its 200 day moving average price is $2.58. Kosmos Energy has a 1 year low of $1.39 and a 1 year high of $5.97. The stock has a market capitalization of $1.08 billion, a P/E ratio of 5.13, a P/E/G ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. As a group, equities research analysts anticipate that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.