Kosmos Energy (NYSE:KOS) Price Target Lowered to $0.80 at Sanford C. Bernstein

Kosmos Energy (NYSE:KOS) had its price target trimmed by Sanford C. Bernstein from $1.70 to $0.80 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the oil and gas producer’s stock.

A number of other research firms also recently issued reports on KOS. Clarkson Capital began coverage on Kosmos Energy in a research note on Friday, October 24th. They set a “buy” rating and a $4.00 price target for the company. Stephens assumed coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price on the stock. Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their price target for the stock from $4.50 to $3.50 in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Finally, Bank of America restated an “underperform” rating and set a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.08.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.01 on Monday. The firm has a market capitalization of $480.72 million, a PE ratio of -1.48 and a beta of 0.89. The firm has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $1.59. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $4.01.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. Analysts forecast that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after purchasing an additional 4,175,537 shares during the period. Patient Capital Management LLC increased its holdings in Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after buying an additional 1,334,930 shares during the last quarter. Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock worth $32,115,000 after buying an additional 5,485,000 shares during the last quarter. Vanguard Group Inc. raised its position in Kosmos Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after acquiring an additional 286,593 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Kosmos Energy by 3.9% in the second quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer’s stock valued at $19,376,000 after acquiring an additional 424,720 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.