StockNews.com Downgrades Kosmos Energy (NYSE:KOS) to Sell

Kosmos Energy (NYSE:KOSGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also commented on KOS. The Goldman Sachs Group upped their price target on shares of Kosmos Energy from $8.00 to $9.50 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Barclays upped their price target on shares of Kosmos Energy from $6.50 to $11.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c” rating in a research note on Monday, February 28th. Finally, Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $7.79.

Kosmos Energy stock opened at $7.35 on Thursday. The firm has a market capitalization of $3.35 billion, a PE ratio of -35.00 and a beta of 3.24. The company’s 50-day moving average is $6.20 and its 200-day moving average is $4.67. Kosmos Energy has a fifty-two week low of $1.80 and a fifty-two week high of $8.36. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.02 and a quick ratio of 0.71.

Kosmos Energy (NYSE:KOSGet Rating) last released its quarterly earnings data on Monday, February 28th. The oil and gas producer reported $0.13 earnings per share for the quarter. The company had revenue of $572.61 million for the quarter. Kosmos Energy had a negative net margin of 5.84% and a negative return on equity of 6.74%. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, analysts expect that Kosmos Energy will post 1.14 EPS for the current year.

Several institutional investors have recently modified their holdings of KOS. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Kosmos Energy by 36.5% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 28,680,328 shares of the oil and gas producer’s stock worth $84,894,000 after acquiring an additional 7,673,182 shares during the period. D. E. Shaw & Co. Inc. increased its position in Kosmos Energy by 78.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,000,000 shares of the oil and gas producer’s stock worth $55,360,000 after purchasing an additional 7,056,967 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Kosmos Energy by 19.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 20,586,564 shares of the oil and gas producer’s stock worth $60,936,000 after purchasing an additional 3,413,880 shares in the last quarter. First Trust Advisors LP increased its position in Kosmos Energy by 5,838.0% during the 4th quarter. First Trust Advisors LP now owns 3,448,489 shares of the oil and gas producer’s stock worth $11,932,000 after purchasing an additional 3,390,414 shares in the last quarter. Finally, BlackRock Inc. increased its position in Kosmos Energy by 6.0% during the 4th quarter. BlackRock Inc. now owns 41,696,773 shares of the oil and gas producer’s stock worth $144,272,000 after purchasing an additional 2,345,990 shares in the last quarter. 78.06% of the stock is owned by institutional investors.

Kosmos Energy Company Profile (Get Rating)

Kosmos Energy Ltd., a deep-water independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.

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