Kosmos Energy Ltd. (NYSE:KOS) Given Consensus Rating of “Hold” by Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.0786.

Several research firms have recently issued reports on KOS. Bank of America reaffirmed an “underperform” rating and issued a $1.00 price objective (down previously from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Mizuho decreased their price target on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Friday, December 12th. Clarkson Capital assumed coverage on shares of Kosmos Energy in a report on Friday, October 24th. They set a “buy” rating and a $4.00 price target on the stock. Stephens assumed coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price objective for the company. Finally, Sanford C. Bernstein lowered their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th.

Kosmos Energy Stock Down 5.1%

Shares of KOS opened at $1.21 on Wednesday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.65. The stock has a market capitalization of $576.39 million, a price-to-earnings ratio of -1.77 and a beta of 0.89. The stock has a fifty day moving average of $1.08 and a 200-day moving average of $1.53.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $310.96 million during the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. As a group, sell-side analysts anticipate that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in KOS. Foster Group Inc. acquired a new stake in Kosmos Energy during the 2nd quarter valued at approximately $26,000. Blueshift Asset Management LLC bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at $27,000. Old Port Advisors acquired a new stake in shares of Kosmos Energy during the fourth quarter worth $27,000. Verum Partners LLC bought a new position in Kosmos Energy during the second quarter worth $29,000. Finally, Ellevest Inc. acquired a new position in Kosmos Energy in the second quarter valued at $34,000. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

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.