Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Kosmos Energy from a hold rating to a strong sell rating in a research report on Wednesday, October 11th. Barclays PLC upped their target price on shares of Kosmos Energy from $6.00 to $7.00 and gave the stock an equal weight rating in a research report on Wednesday, October 11th. Jefferies Group LLC set a $8.00 price objective on shares of Kosmos Energy and gave the company a buy rating in a report on Saturday, July 22nd. Citigroup Inc. decreased their price objective on shares of Kosmos Energy from $10.00 to $9.00 and set a buy rating for the company in a report on Friday, July 21st. Finally, BMO Capital Markets set a $11.00 price objective on shares of Kosmos Energy and gave the company a buy rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $9.50.
Shares of Kosmos Energy (NYSE KOS) opened at $8.37 on Thursday. 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 12 month low of $4.39 and a 12 month high of $8.62.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. Kosmos Energy’s revenue was up 126.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. equities research analysts forecast that Kosmos Energy will post -0.34 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its position in Kosmos Energy by 20.1% in the 3rd quarter. Amalgamated Bank now owns 41,579 shares of the oil and gas producer’s stock worth $331,000 after buying an additional 6,955 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Kosmos Energy by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 7,144 shares in the last quarter. Legal & General Group Plc lifted its position in Kosmos Energy by 11.5% in the 3rd quarter. Legal & General Group Plc now owns 400,472 shares of the oil and gas producer’s stock worth $3,195,000 after buying an additional 41,301 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Kosmos Energy in the 3rd quarter worth approximately $214,000. Finally, SG Americas Securities LLC lifted its position in Kosmos Energy by 86.7% in the 3rd quarter. SG Americas Securities LLC now owns 299,719 shares of the oil and gas producer’s stock worth $2,386,000 after buying an additional 139,165 shares in 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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