Benchmark Reiterates Hold Rating for Kosmos Energy (NYSE:KOS)

Kosmos Energy (NYSE:KOS)‘s stock had its “hold” rating reiterated by research analysts at Benchmark in a report released on Thursday,Benzinga reports.

A number of other equities analysts have also recently issued reports on the stock. Mizuho reduced their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. The Goldman Sachs Group cut their price target on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kosmos Energy presently has a consensus rating of “Hold” and a consensus target price of $4.93.

Kosmos Energy Trading Up 8.2%

KOS stock opened at $1.91 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy has a twelve month low of $1.39 and a twelve month high of $5.97. The company has a market cap of $910.61 million, a P/E ratio of 4.33, a PEG ratio of 5.24 and a beta of 1.44. The business has a fifty day moving average of $1.73 and a 200-day moving average of $2.65.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data 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 firm had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, equities research analysts expect that Kosmos Energy will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director now directly owns 29,921 shares of the company’s stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors have recently modified their holdings of the business. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after buying an additional 5,906,210 shares during the period. American Century Companies Inc. increased its position in shares of Kosmos Energy by 11.3% during the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after acquiring an additional 2,997,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Kosmos Energy by 9.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock worth $58,202,000 after acquiring an additional 2,110,306 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after acquiring an additional 4,114,499 shares during the period. Finally, Patient Capital Management LLC lifted its position in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after acquiring an additional 7,707,707 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

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.