Kosmos Energy Ltd. (KOS) Stock Rating Lowered by ValuEngine

Kosmos Energy Ltd. (NYSE:KOS) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other research firms have also weighed in on KOS. Scotiabank restated a “hold” rating and set a $7.00 price objective on shares of Kosmos Energy in a research note on Tuesday, May 9th. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a report on Thursday, May 25th. Citigroup Inc. dropped their price target on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Finally, Jefferies Group LLC raised their price target on shares of Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $8.75.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

Kosmos Energy (NYSE KOS) opened at 5.80 on Tuesday. The stock’s market capitalization is $2.25 billion. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $7.90. The firm has a 50-day moving average of $6.47 and a 200-day moving average of $6.31.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $152 million during the quarter, compared to analyst estimates of $173.10 million. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. Kosmos Energy’s revenue was up 144.8% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Equities analysts expect that Kosmos Energy will post ($0.19) EPS for the current fiscal year.

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In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Kosmos Energy during the fourth quarter worth about $1,670,000. Comerica Bank bought a new stake in shares of Kosmos Energy during the fourth quarter worth about $105,000. State Board of Administration of Florida Retirement System increased its stake in shares of Kosmos Energy by 3.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 277,544 shares of the oil and gas producer’s stock worth $1,946,000 after buying an additional 10,210 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Kosmos Energy by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock worth $1,279,000 after buying an additional 26,292 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Kosmos Energy during the first quarter worth about $115,000.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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