Kosmos Energy Ltd (NYSE:KOS)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.57, but opened at $8.39. Kosmos Energy shares last traded at $8.37, with a volume of 2029966 shares changing hands.
Several equities analysts have recently commented on KOS shares. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Wednesday, May 16th. Barclays upgraded shares of Kosmos Energy from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Thursday, May 17th. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a report on Wednesday, May 16th. ValuEngine cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, Jefferies Financial Group upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.15 to $8.62 in a report on Monday, June 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $9.83.
The firm has a market capitalization of $3.46 billion, a PE ratio of -25.42 and a beta of 1.61. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.79 and a current ratio of 0.96.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.05). The business had revenue of $215.47 million during the quarter, compared to the consensus estimate of $215.07 million. Kosmos Energy had a negative return on equity of 15.21% and a negative net margin of 49.78%. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) earnings per share. equities analysts expect that Kosmos Energy Ltd will post -0.05 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of KOS. Rhumbline Advisers boosted its holdings in Kosmos Energy by 9.0% in the first quarter. Rhumbline Advisers now owns 192,500 shares of the oil and gas producer’s stock worth $1,213,000 after purchasing an additional 15,910 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Kosmos Energy during the first quarter valued at about $315,000. Victory Capital Management Inc. boosted its holdings in Kosmos Energy by 13.2% during the first quarter. Victory Capital Management Inc. now owns 4,050,825 shares of the oil and gas producer’s stock valued at $25,520,000 after acquiring an additional 471,730 shares during the period. Swiss National Bank boosted its holdings in Kosmos Energy by 2.2% during the first quarter. Swiss National Bank now owns 406,600 shares of the oil and gas producer’s stock valued at $2,562,000 after acquiring an additional 8,800 shares during the period. Finally, Mobius Capital Management LLC boosted its holdings in Kosmos Energy by 221.0% during the first quarter. Mobius Capital Management LLC now owns 476,911 shares of the oil and gas producer’s stock valued at $3,005,000 after acquiring an additional 328,344 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.
About Kosmos Energy (NYSE:KOS)
Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.
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