Kosmos Energy Ltd. (KOS) Cut to “Strong Sell” at Zacks Investment Research

Kosmos Energy Ltd. (NYSE:KOS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.

According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

Other equities analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a research report on Friday, August 4th. Johnson Rice started coverage on Kosmos Energy in a research report on Tuesday, June 20th. They issued a “buy” rating for the company. Jefferies Group LLC set a $8.00 target price on Kosmos Energy and gave the company a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. dropped their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Scotiabank set a $7.00 target price on Kosmos Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Kosmos Energy presently has a consensus rating of “Hold” and an average price target of $8.63.

Shares of Kosmos Energy (NYSE KOS) opened at 7.51 on Wednesday. The stock’s market capitalization is $2.92 billion. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $8.21. The company has a 50-day moving average of $7.43 and a 200-day moving average of $6.67.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The company’s quarterly revenue was up 220.6% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. On average, equities research analysts expect that Kosmos Energy will post ($0.25) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/kosmos-energy-ltd-kos-cut-to-strong-sell-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Teacher Retirement System of Texas grew its position in Kosmos Energy by 40.8% in the 1st quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 4,463 shares in the last quarter. Comerica Bank boosted its stake in shares of Kosmos Energy by 16.8% in the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 2,701 shares during the period. Creative Planning purchased a new position in shares of Kosmos Energy in the 2nd quarter valued at about $128,000. QS Investors LLC boosted its stake in shares of Kosmos Energy by 192.3% in the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 15,000 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Kosmos Energy by 3.3% in the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Analyst Recommendations for Kosmos Energy (


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According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

Other equities analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a research report on Friday, August 4th. Johnson Rice started coverage on Kosmos Energy in a research report on Tuesday, June 20th. They issued a “buy” rating for the company. Jefferies Group LLC set a $8.00 target price on Kosmos Energy and gave the company a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. dropped their target price on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Scotiabank set a $7.00 target price on Kosmos Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Kosmos Energy presently has a consensus rating of “Hold” and an average price target of $8.63.

Shares of Kosmos Energy (NYSE KOS) opened at 7.51 on Wednesday. The stock’s market capitalization is $2.92 billion. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $8.21. The company has a 50-day moving average of $7.43 and a 200-day moving average of $6.67.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The company’s quarterly revenue was up 220.6% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. On average, equities research analysts expect that Kosmos Energy will post ($0.25) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/11/kosmos-energy-ltd-kos-cut-to-strong-sell-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Teacher Retirement System of Texas grew its position in Kosmos Energy by 40.8% in the 1st quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 4,463 shares in the last quarter. Comerica Bank boosted its stake in shares of Kosmos Energy by 16.8% in the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 2,701 shares during the period. Creative Planning purchased a new position in shares of Kosmos Energy in the 2nd quarter valued at about $128,000. QS Investors LLC boosted its stake in shares of Kosmos Energy by 192.3% in the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 15,000 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Kosmos Energy by 3.3% in the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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