Kosmos Energy (NYSE:KOS) Upgraded by StockNews.com to “Hold”

Kosmos Energy (NYSE:KOSGet Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other research analysts also recently weighed in on the company. Sanford C. Bernstein downgraded Kosmos Energy from an “outperform” rating to a “market perform” rating and cut their price target for the company from $12.00 to $9.00 in a report on Tuesday, October 17th. Stifel Nicolaus started coverage on Kosmos Energy in a report on Monday, November 20th. They issued a “buy” rating and a $10.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.53.

Check Out Our Latest Research Report on KOS

Kosmos Energy Price Performance

KOS stock traded up $0.36 on Monday, reaching $5.78. The company had a trading volume of 10,174,494 shares, compared to its average volume of 5,693,727. The company’s fifty day moving average is $6.38 and its 200 day moving average is $6.94. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.54 and a current ratio of 0.82. The company has a market cap of $2.66 billion, a P/E ratio of 36.13, a PEG ratio of 0.38 and a beta of 2.43. Kosmos Energy has a 1 year low of $5.28 and a 1 year high of $8.55.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 166,524 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the transaction, the chief executive officer now owns 3,909,135 shares in the company, valued at $23,572,084.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Kosmos Energy news, CEO Andrew G. Inglis sold 166,524 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $1,004,139.72. Following the completion of the sale, the chief executive officer now owns 3,909,135 shares of the company’s stock, valued at $23,572,084.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Ronald W. Glass sold 17,525 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $105,675.75. Following the transaction, the chief accounting officer now directly owns 290,855 shares in the company, valued at $1,753,855.65. The disclosure for this sale can be found here. In the last three months, insiders sold 335,337 shares of company stock worth $2,022,082. Corporate insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KOS. Raymond James & Associates bought a new position in Kosmos Energy during the 1st quarter valued at $387,000. Bank of New York Mellon Corp lifted its position in shares of Kosmos Energy by 7.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,845,793 shares of the oil and gas producer’s stock worth $13,272,000 after buying an additional 128,887 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Kosmos Energy in the 1st quarter worth about $159,000. Private Advisor Group LLC lifted its position in shares of Kosmos Energy by 31.9% in the 1st quarter. Private Advisor Group LLC now owns 41,527 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 10,045 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Kosmos Energy by 143.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Kosmos Energy Company Profile

(Get Free Report)

Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas projects located in offshore Mauritania and Senegal.

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Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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