Kosmos Energy (NYSE:KOS) Rating Increased to Buy at Johnson Rice

Johnson Rice upgraded shares of Kosmos Energy (NYSE:KOS) from an accumulate rating to a buy rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has $4.25 target price on the oil and gas producer’s stock.

Other equities analysts have also issued reports about the company. Mizuho cut their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. The Goldman Sachs Group upped their price target on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Sanford C. Bernstein decreased their price target on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Finally, Bank of America reissued an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and an average target price of $2.19.

Kosmos Energy Price Performance

NYSE KOS opened at $2.67 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The stock has a market capitalization of $1.28 billion, a PE ratio of -1.83, a price-to-earnings-growth ratio of 0.41 and a beta of 0.76. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.01. The company has a 50 day moving average price of $1.93 and a two-hundred day moving average price of $1.55.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, March 2nd. The oil and gas producer reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The business had revenue of $294.62 million for the quarter, compared to analyst estimates of $323.46 million. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%. As a group, equities analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other Kosmos Energy news, Director J Michael Stice bought 52,631 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $1.90 per share, with a total value of $99,998.90. Following the acquisition, the director directly owned 207,620 shares of the company’s stock, valued at $394,478. This represents a 33.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew G. Inglis purchased 315,790 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $1.90 per share, for a total transaction of $600,001.00. Following the completion of the transaction, the chief executive officer owned 4,542,807 shares in the company, valued at approximately $8,631,333.30. This trade represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 3,684,210 shares of company stock worth $6,999,999 and have sold 272,844 shares worth $377,592. 1.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 13,854 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Kosmos Energy during the 2nd quarter worth about $27,000. Old Port Advisors acquired a new position in shares of Kosmos Energy during the fourth quarter valued at about $27,000. Cibc World Markets Corp acquired a new position in shares of Kosmos Energy during the fourth quarter valued at about $28,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Kosmos Energy by 35.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 11,209 shares during the period. 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.