Kosmos Energy (KOS) Stock Rating Upgraded by Zacks Investment Research

Kosmos Energy (NYSE:KOS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $8.00 target price on the oil and gas producer’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 6.38% from the company’s current price.

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. “

A number of other analysts have also issued reports on the stock. Barclays set a $7.00 price target on shares of Kosmos Energy and gave the stock a “hold” rating in a research note on Wednesday, May 9th. Jefferies Group lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a research note on Tuesday, May 8th. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, TheStreet lowered shares of Kosmos Energy from a “c-” rating to a “d+” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.33.

Shares of KOS opened at $7.52 on Wednesday. Kosmos Energy has a 12-month low of $7.21 and a 12-month high of $7.32. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.03 and a current ratio of 1.25.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, May 7th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.07. The firm had revenue of $127.18 million for the quarter, compared to analyst estimates of $125.50 million. Kosmos Energy had a negative net margin of 39.90% and a negative return on equity of 11.16%. Kosmos Energy’s revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS.

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Kosmos Energy by 51.0% during the third 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 during the period. Swiss National Bank increased its stake in shares of 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 worth $2,562,000 after buying an additional 8,800 shares during the period. California Public Employees Retirement System increased its stake in shares of Kosmos Energy by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 475,026 shares of the oil and gas producer’s stock worth $3,254,000 after buying an additional 10,076 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Kosmos Energy by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,050,817 shares of the oil and gas producer’s stock worth $7,198,000 after buying an additional 14,967 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Kosmos Energy by 9.0% during the first quarter. Rhumbline Advisers now owns 192,500 shares of the oil and gas producer’s stock worth $1,213,000 after buying an additional 15,910 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Kosmos Energy Company Profile

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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