Kosmos Energy (NYSE:KOS) Price Target Lowered to $3.00 at The Goldman Sachs Group

Kosmos Energy (NYSE:KOS) had its price objective reduced by The Goldman Sachs Group from $3.50 to $3.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

KOS has been the topic of a number of other research reports. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Kosmos Energy to a “sell” rating in a research note on Friday. Finally, Mizuho cut their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.93.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.73 on Monday. The firm has a market capitalization of $824.57 million, a P/E ratio of 3.92, a PEG ratio of 5.24 and a beta of 1.46. The stock has a 50-day simple moving average of $1.88 and a two-hundred day simple moving average of $2.84. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy has a fifty-two week low of $1.39 and a fifty-two week high of $6.33.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, equities analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after purchasing an additional 443,384 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Kosmos Energy in the 1st quarter valued at approximately $1,849,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after buying an additional 12,045 shares during the last quarter. Corigliano Investment Advisers LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter worth approximately $7,047,000. Finally, AQR Capital Management LLC raised its position in shares of Kosmos Energy by 56.7% during the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 140,261 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.