Zacks Investment Research upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $7.00 target price on the stock.
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. “
KOS has been the subject of several other reports. Royal Bank Of Canada upgraded Kosmos Energy from a sector perform rating to an outperform rating and increased their price target for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. RBC Capital Markets upgraded Kosmos Energy from a sector perform rating to an outperform rating and increased their price target for the stock from $6.00 to $9.00 in a report on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Kosmos Energy currently has an average rating of Buy and a consensus target price of $8.05.
Shares of Kosmos Energy (NYSE:KOS) opened at 6.32 on Wednesday. The company has a 50-day moving average price of $6.07 and a 200 day moving average price of $5.76. Kosmos Energy has a 12-month low of $3.17 and a 12-month high of $8.00. The firm’s market capitalization is $2.44 billion.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. Kosmos Energy had a negative return on equity of 2.63% and a negative net margin of 25.56%. The company earned $45.68 million during the quarter, compared to the consensus estimate of $121.81 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was up 37397.7% compared to the same quarter last year. Equities research analysts expect that Kosmos Energy will post ($0.35) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC increased its position in Kosmos Energy by 54.6% in the second quarter. Cubist Systematic Strategies LLC now owns 18,994 shares of the company’s stock worth $104,000 after buying an additional 6,712 shares in the last quarter. Amalgamated Bank increased its position in Kosmos Energy by 3.4% in the second quarter. Amalgamated Bank now owns 18,970 shares of the company’s stock worth $106,000 after buying an additional 616 shares in the last quarter. Teacher Retirement System of Texas increased its position in Kosmos Energy by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 20,837 shares of the company’s stock worth $114,000 after buying an additional 4,415 shares in the last quarter. AXA bought a new position in Kosmos Energy during the second quarter worth $136,000. Finally, Utah Retirement Systems increased its position in Kosmos Energy by 1.1% in the second quarter. Utah Retirement Systems now owns 28,545 shares of the company’s stock worth $156,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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