Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given an average rating of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.38.
Several analysts have commented on KOS shares. Scotiabank set a $7.00 price objective on Kosmos Energy and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub raised Kosmos Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Citigroup Inc. dropped their price objective on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Jefferies Group LLC set a $8.00 price objective on Kosmos Energy and gave the company a “buy” rating in a report on Saturday, July 22nd.
Several large investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Kosmos Energy by 3.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after acquiring an additional 1,010,626 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after acquiring an additional 4,130,107 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Kosmos Energy by 5.2% in the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after acquiring an additional 787,145 shares during the last quarter. Prudential PLC boosted its stake in shares of Kosmos Energy by 17.4% in the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after acquiring an additional 2,036,371 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Kosmos Energy by 211.1% in the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after acquiring an additional 8,255,929 shares during the last quarter.
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Kosmos Energy (NYSE KOS) traded up 1.17% on Friday, reaching $7.77. The company had a trading volume of 2,410,340 shares. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $8.21. The stock’s market capitalization is $3.02 billion. The stock’s 50 day moving average is $7.60 and its 200-day moving average is $6.74.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $146.50 million for the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. Kosmos Energy’s revenue for the quarter was up 220.6% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. On average, equities analysts predict that Kosmos Energy will post ($0.25) EPS for the current fiscal year.
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.
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