Kosmos Energy Ltd. (NYSE:KOS) Receives $3.07 Consensus Target Price from Analysts

Kosmos Energy Ltd. (NYSE:KOS) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $3.07.

KOS has been the subject of a number of recent research reports. Stephens assumed coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday. Clarkson Capital initiated coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price on the stock. Finally, Mizuho lowered their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, September 15th.

Kosmos Energy Trading Down 1.8%

KOS opened at $1.07 on Tuesday. The business has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.73. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. Kosmos Energy has a 12 month low of $1.03 and a 12 month high of $4.01. The stock has a market capitalization of $511.81 million, a price-to-earnings ratio of -1.57 and a beta of 0.95.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The company had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. Sell-side analysts expect that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Foster Group Inc. purchased a new stake in shares of Kosmos Energy during the 2nd quarter worth approximately $26,000. Blueshift Asset Management LLC acquired a new stake in Kosmos Energy during the 2nd quarter worth $27,000. Verum Partners LLC acquired a new stake in Kosmos Energy during the 2nd quarter worth $29,000. Vident Advisory LLC purchased a new stake in Kosmos Energy in the first quarter valued at $30,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Kosmos Energy in the second quarter valued at $30,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.