Kosmos Energy (NYSE:KOS) received a $7.00 target price from equities researchers at Jefferies Group in a research note issued on Wednesday, December 20th. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s price target suggests a potential upside of 0.29% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 price target on shares of Kosmos Energy in a research note on Thursday, December 14th. BNP Paribas initiated coverage on Kosmos Energy in a research note on Friday, November 24th. They set an “outperform” rating for the company. Barclays raised their target price on Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada set a $15.00 target price on Kosmos Energy and gave the company a “buy” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Kosmos Energy has an average rating of “Buy” and a consensus target price of $9.45.
Kosmos Energy (NYSE:KOS) traded up $0.12 during mid-day trading on Wednesday, hitting $6.98. The company had a trading volume of 2,147,390 shares, compared to its average volume of 2,281,901. Kosmos Energy has a twelve month low of $5.53 and a twelve month high of $8.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66. The firm has a market cap of $2,670.98, a price-to-earnings ratio of -17.45 and a beta of 1.57.
Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. During the same period in the prior year, the business earned ($0.09) earnings per share. Kosmos Energy’s quarterly revenue was up 126.9% on a year-over-year basis. equities research analysts forecast that Kosmos Energy will post -0.34 earnings per share for the current fiscal year.
In related news, Director Yves-Louis Darricarrere sold 14,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the sale, the director now directly owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Kosmos Energy by 1.8% during the 2nd quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after purchasing an additional 2,826 shares in the last quarter. Comerica Bank raised its stake in shares of Kosmos Energy by 19.3% in the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 3,626 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Kosmos Energy by 24.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock valued at $123,000 after acquiring an additional 3,778 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Kosmos Energy by 11.2% in the 2nd quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock valued at $342,000 after acquiring an additional 5,379 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Kosmos Energy by 22.1% in the 2nd quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock valued at $224,000 after acquiring an additional 6,300 shares in the last quarter.
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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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