The Goldman Sachs Group Forecasts Strong Price Appreciation for Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy (NYSE:KOS) had its price target lifted by The Goldman Sachs Group from $1.75 to $2.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 26.98% from the company’s previous close.

KOS has been the topic of a number of other reports. Bank of America reaffirmed an “underperform” rating and set a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Stephens initiated coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price target on the stock. Mizuho dropped their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and reduced their price objective for the stock from $4.50 to $3.50 in a report on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.08.

Kosmos Energy Stock Performance

Shares of NYSE:KOS traded down $0.12 during trading on Friday, reaching $1.58. The company had a trading volume of 10,143,000 shares, compared to its average volume of 20,289,621. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $3.49. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The stock’s fifty day moving average price is $1.08 and its 200 day moving average price is $1.50. The firm has a market capitalization of $753.37 million, a price-to-earnings ratio of -2.32 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $310.96 million during 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%. As a group, equities research analysts predict that Kosmos Energy will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Kosmos Energy by 56.7% in the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after acquiring an additional 140,261 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after buying an additional 443,384 shares during the period. Strs Ohio acquired a new stake in Kosmos Energy in the 1st quarter worth about $120,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Kosmos Energy in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.