Kosmos Energy (NYSE:KOS) Earns add Rating from Analysts at Peel Hunt

Peel Hunt assumed coverage on shares of Kosmos Energy (NYSE:KOS – Get Rating) in a report released on Friday morning, The Fly reports. The brokerage issued an add rating and a $8.94 target price on the oil and gas producer’s stock.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded Kosmos Energy from a buy rating to a neutral rating and lowered their price target for the company from $10.00 to $9.60 in a research report on Tuesday, February 28th. Barclays cut their target price on Kosmos Energy from $11.00 to $10.75 and set an overweight rating on the stock in a research note on Friday, January 13th. Benchmark reissued a buy rating and issued a $10.00 target price on shares of Kosmos Energy in a research note on Tuesday, February 28th. TheStreet cut Kosmos Energy from a b- rating to a c rating in a research report on Monday, February 27th. Finally, StockNews.com cut Kosmos Energy from a hold rating to a sell rating in a research report on Monday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $130.63.

Kosmos Energy Stock Performance

KOS stock opened at $6.99 on Friday. The firm has a market cap of $3.21 billion, a PE ratio of 14.56, a P/E/G ratio of 1.33 and a beta of 2.77. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 2.79. The business has a 50 day moving average of $7.48 and a 200-day moving average of $6.68. Kosmos Energy has a 12-month low of $4.64 and a 12-month high of $8.55.

Kosmos Energy (NYSE:KOS – Get Rating) last posted its earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $563.72 million for the quarter. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. During the same quarter in the prior year, the company earned $0.13 EPS. As a group, sell-side analysts expect that Kosmos Energy will post 1.21 earnings per share for the current year.

Institutional Trading of Kosmos Energy

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in Kosmos Energy by 24.9% in the 2nd quarter. FMR LLC now owns 67,965,626 shares of the oil and gas producer’s stock worth $420,707,000 after acquiring an additional 13,531,844 shares in the last quarter. State Street Corp lifted its position in Kosmos Energy by 22.6% during the first quarter. State Street Corp now owns 25,401,775 shares of the oil and gas producer’s stock valued at $182,639,000 after acquiring an additional 4,679,471 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Kosmos Energy by 13.1% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 21,734,341 shares of the oil and gas producer’s stock valued at $112,367,000 after acquiring an additional 2,511,900 shares during the last quarter. Vanguard Group Inc. lifted its position in Kosmos Energy by 4.3% during the first quarter. Vanguard Group Inc. now owns 14,255,516 shares of the oil and gas producer’s stock valued at $102,497,000 after acquiring an additional 581,167 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Kosmos Energy by 5.6% in the fourth quarter. American Century Companies Inc. now owns 10,127,616 shares of the oil and gas producer’s stock worth $64,412,000 after buying an additional 539,163 shares during the last quarter. 87.13% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.