Kosmos Energy (NYSE:KOS) Receives Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of Kosmos Energy (NYSE:KOS) in a research note published on Monday, MarketBeat.com reports. The Goldman Sachs Group currently has a $2.00 target price on the oil and gas producer’s stock, down from their previous target price of $3.00.

Other analysts have also issued reports about the company. Benchmark reissued a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Mizuho decreased their price target on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.60.

Kosmos Energy Stock Down 0.3%

Shares of NYSE:KOS opened at $1.69 on Monday. The stock’s 50-day moving average price is $1.85 and its two-hundred day moving average price is $1.89. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. Kosmos Energy has a 12-month low of $1.39 and a 12-month high of $4.69. The firm has a market cap of $805.85 million, a price-to-earnings ratio of -5.11 and a beta of 1.57.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The business had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. On average, research analysts forecast that Kosmos Energy will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in Kosmos Energy by 17.0% during the 1st quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 6,649 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Kosmos Energy by 34.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,089 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 6,888 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Kosmos Energy by 3.6% during the 1st quarter. Moors & Cabot Inc. now owns 217,450 shares of the oil and gas producer’s stock worth $496,000 after purchasing an additional 7,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Kosmos Energy by 53.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 8,371 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.