Kosmos Energy Ltd. (NYSE:KOS) has been given a $15.00 price objective by investment analysts at Royal Bank Of Canada in a report issued on Friday, October 27th. The firm currently has a “buy” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 79.21% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. BMO Capital Markets restated a “buy” rating and set a $9.00 target price on shares of Kosmos Energy in a research report on Wednesday, September 27th. Jefferies Group LLC set a $8.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Citigroup Inc. lowered their price objective on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Scotiabank upgraded shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.50.
Kosmos Energy (KOS) opened at $8.37 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66. Kosmos Energy has a 1 year low of $4.39 and a 1 year high of $8.62.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The business’s revenue was up 126.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. sell-side analysts expect that Kosmos Energy will post -0.34 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank boosted its position in shares of Kosmos Energy by 3.3% during the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock worth $150,000 after purchasing an additional 720 shares in the last quarter. Comerica Bank boosted its position in shares of Kosmos Energy by 16.8% during the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 2,701 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Kosmos Energy by 1.8% during the 2nd quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after buying an additional 2,826 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Kosmos Energy by 24.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after buying an additional 3,778 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Kosmos Energy by 11.2% during the 2nd quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock worth $342,000 after buying an additional 5,379 shares during the last quarter.
Kosmos Energy Company Profile
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.
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