Kosmos Energy (KOS) Lowered to Sell at Zacks Investment Research

Kosmos Energy (NYSE:KOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

A number of other research firms also recently issued reports on KOS. Jefferies Group set a $6.00 target price on shares of Kosmos Energy and gave the company a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets set a $11.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Tuesday, October 24th. BNP Paribas started coverage on shares of Kosmos Energy in a research report on Friday, November 24th. They set an “outperform” rating on the stock. Bank of America upgraded shares of Kosmos Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Scotiabank upgraded shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.36.

Kosmos Energy (KOS) opened at $5.90 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 1.66. Kosmos Energy has a 1 year low of $5.15 and a 1 year high of $8.62. The stock has a market cap of $2,063.58, a price-to-earnings ratio of -14.75 and a beta of 1.56.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Kosmos Energy by 5.2% during the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after buying an additional 787,145 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 2.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 8,938,750 shares of the oil and gas producer’s stock worth $61,230,000 after buying an additional 219,195 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Kosmos Energy by 13.8% during the third quarter. Dimensional Fund Advisors LP now owns 8,088,019 shares of the oil and gas producer’s stock worth $64,381,000 after buying an additional 979,199 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Kosmos Energy by 39.9% during the third quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock worth $60,613,000 after buying an additional 2,174,305 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Kosmos Energy by 3.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,128,774 shares of the oil and gas producer’s stock worth $48,832,000 after buying an additional 250,942 shares during 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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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