Kosmos Energy Ltd. (KOS) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a strong sell rating to a hold rating in a report published on Friday.

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. “

Several other analysts also recently issued reports on the stock. Scotiabank raised shares of Kosmos Energy from a sector perform rating to a buy rating in a report on Thursday. Howard Weil raised shares of Kosmos Energy from a sector perform rating to a sector outperform rating and set a $12.00 price objective for the company in a report on Thursday. BMO Capital Markets set a $11.00 price objective on shares of Kosmos Energy and gave the stock a buy rating in a report on Tuesday. Barclays PLC upped their price objective on shares of Kosmos Energy from $6.00 to $7.00 and gave the stock an equal weight rating in a report on Wednesday, October 11th. Finally, TheStreet raised shares of Kosmos Energy from a d+ rating to a c- rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Kosmos Energy has a consensus rating of Hold and an average price target of $9.50.

Kosmos Energy (KOS) traded up 1.17% during midday trading on Friday, reaching $7.77. 2,410,340 shares of the company traded hands. The firm has a 50 day moving average of $7.62 and a 200-day moving average of $6.76. The stock’s market capitalization is $3.02 billion. Kosmos Energy has a 12 month low of $4.39 and a 12 month high of $8.21.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. Kosmos Energy’s quarterly revenue was up 220.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. Analysts forecast that Kosmos Energy will post ($0.25) EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its stake in Kosmos Energy by 3.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 8,719,555 shares of the oil and gas producer’s stock valued at $69,408,000 after purchasing an additional 319,670 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Kosmos Energy during the 3rd quarter valued at $118,000. Eqis Capital Management Inc. raised its stake in Kosmos Energy by 19.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 68,250 shares of the oil and gas producer’s stock valued at $543,000 after purchasing an additional 11,053 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Kosmos Energy during the 2nd quarter valued at $194,000. Finally, California State Teachers Retirement System raised its stake in Kosmos Energy by 9.3% during the 2nd quarter. California State Teachers Retirement System now owns 351,091 shares of the oil and gas producer’s stock valued at $2,251,000 after purchasing an additional 29,824 shares during the last quarter.

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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