Kosmos Energy (NYSE:KOS) Receives “Underperform” Rating from Bank of America

Kosmos Energy (NYSE:KOS)‘s stock had its “underperform” rating reissued by investment analysts at Bank of America in a report released on Friday,Benzinga reports. They currently have a $1.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $3.40. Bank of America‘s target price would indicate a potential downside of 6.54% from the company’s previous close.

KOS has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday. Clarkson Capital initiated coverage on Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price objective for the company. Mizuho reduced their target price on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Stephens began coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price target for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price target (down previously from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.73.

Kosmos Energy Stock Down 1.8%

Shares of KOS opened at $1.07 on Friday. The business’s 50 day moving average is $1.46 and its 200 day moving average is $1.73. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. Kosmos Energy has a 12-month low of $1.03 and a 12-month high of $4.01. The company has a market capitalization of $511.81 million, a PE 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 analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $310.96 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. Research analysts expect that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in shares of Kosmos Energy by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Kosmos Energy by 9.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock valued at $58,202,000 after buying an additional 2,110,306 shares during the period. Patient Capital Management LLC lifted its position in Kosmos Energy by 7.4% in the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after buying an additional 1,334,930 shares during the last quarter. Equinox Partners Investment Management LLC lifted its position in Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after buying an additional 5,485,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Kosmos Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after buying an additional 286,593 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

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.