Credit Suisse Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to an outperform rating in a research note released on Monday, Marketbeat reports.
Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Kosmos Energy from a d+ rating to a c- rating in a research note on Friday, October 6th. Zacks Investment Research upgraded Kosmos Energy from a strong sell rating to a hold rating in a research note on Wednesday, September 20th. Scotiabank upgraded Kosmos Energy from a sector perform rating to a buy rating in a research note on Thursday, October 26th. BNP Paribas began coverage on Kosmos Energy in a research note on Friday, November 24th. They issued an outperform rating for the company. Finally, Jefferies Group cut Kosmos Energy from a buy rating to a hold rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $9.45.
Shares of Kosmos Energy (NYSE:KOS) traded up $0.19 during mid-day trading on Monday, hitting $6.83. The company had a trading volume of 5,586,400 shares, compared to its average volume of 3,347,872. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2,660.00, a PE ratio of -16.66 and a beta of 1.57. Kosmos Energy has a fifty-two week low of $5.53 and a fifty-two week high of $8.62.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company’s quarterly revenue was up 126.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. equities research analysts predict that Kosmos Energy will post -0.34 earnings per share for the current fiscal year.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in shares of Kosmos Energy during the second quarter worth $34,877,000. Hotchkis & Wiley Capital Management LLC increased its holdings in 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 valued at $210,687,000 after purchasing an additional 1,010,626 shares during the period. Magnetar Financial LLC acquired a new stake in Kosmos Energy in the third quarter valued at $1,175,000. Rhumbline Advisers increased its holdings in Kosmos Energy by 13.1% in the second quarter. Rhumbline Advisers now owns 163,398 shares of the oil and gas producer’s stock valued at $1,047,000 after purchasing an additional 18,920 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Kosmos Energy by 84.4% in the third quarter. GSA Capital Partners LLP now owns 397,268 shares of the oil and gas producer’s stock valued at $3,162,000 after purchasing an additional 181,779 shares during the period.
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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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