Kosmos Energy (NYSE:KOS) PT Lowered to $10.00

Kosmos Energy (NYSE:KOS – Get Rating) had its price objective dropped by equities researchers at Barclays from $10.75 to $10.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price target would suggest a potential upside of 56.99% from the stock’s current price.

Several other equities analysts have also issued reports on the company. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Bank of America downgraded Kosmos Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $9.60 in a research report on Tuesday, February 28th. TheStreet downgraded Kosmos Energy from a “b-” rating to a “c” rating in a research report on Monday, February 27th. Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Kosmos Energy in a research report on Tuesday, February 28th. Finally, Peel Hunt began coverage on Kosmos Energy in a research report on Friday, March 10th. They set an “add” rating and a $8.94 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.51.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $6.37 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 2.79. The business has a 50-day moving average of $7.51 and a 200-day moving average of $6.67. Kosmos Energy has a 1 year low of $4.64 and a 1 year high of $8.55. The firm has a market capitalization of $2.93 billion, a P/E ratio of 13.27, a PEG ratio of 1.30 and a beta of 2.77.

Kosmos Energy (NYSE:KOS – Get Rating) last issued its quarterly earnings data on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. The business had revenue of $563.72 million during the quarter. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, equities analysts anticipate that Kosmos Energy will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in KOS. FMR LLC raised its stake in shares of Kosmos Energy by 24.9% during the 2nd quarter. FMR LLC now owns 67,965,626 shares of the oil and gas producer’s stock worth $420,707,000 after purchasing an additional 13,531,844 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Kosmos Energy by 2,698.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,399,727 shares of the oil and gas producer’s stock valued at $40,702,000 after acquiring an additional 6,171,065 shares during the period. Invesco Ltd. raised its stake in Kosmos Energy by 291.5% in the 1st quarter. Invesco Ltd. now owns 8,048,295 shares of the oil and gas producer’s stock valued at $57,868,000 after acquiring an additional 5,992,660 shares during the period. State Street Corp raised its stake in Kosmos Energy by 22.6% in the 1st 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 period. Finally, Millennium Management LLC raised its stake in Kosmos Energy by 1,549.5% in the 2nd quarter. Millennium Management LLC now owns 3,150,453 shares of the oil and gas producer’s stock valued at $19,501,000 after acquiring an additional 2,959,461 shares during the period. Institutional investors own 87.13% of the company’s stock.

Kosmos Energy Company Profile

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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.