The Goldman Sachs Group Forecasts Strong Price Appreciation for Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy (NYSE:KOS) had its price objective boosted by analysts at The Goldman Sachs Group from $1.75 to $2.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 26.18% from the company’s current price.

Other equities research analysts have also issued reports about the company. Johnson Rice lowered Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $4.50 to $3.50 in a research note on Friday, December 5th. Sanford C. Bernstein dropped their target price on shares of 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. Clarkson Capital assumed coverage on shares of Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price target on the stock. Stephens initiated coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Finally, Bank of America reissued an “underperform” rating and issued a $1.00 price objective (down previously from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Stock Performance

NYSE:KOS opened at $1.59 on Friday. The company has a market cap of $758.15 million, a P/E ratio of -2.33 and a beta of 0.89. The firm’s 50 day moving average is $1.09 and its two-hundred day moving average is $1.49. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $3.49. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04.

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

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC boosted its stake in shares of Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after buying an additional 5,485,000 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. Raiffeisen Bank International AG boosted its stake in Kosmos Energy by 100.0% during the 2nd quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock valued at $1,860,000 after acquiring an additional 500,000 shares during the last quarter. Patient Capital Management LLC boosted its stake in Kosmos Energy by 7.4% during the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after acquiring an additional 1,334,930 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Kosmos Energy by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,464,577 shares of the oil and gas producer’s stock worth $11,119,000 after acquiring an additional 1,145,057 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.