Kosmos Energy Ltd. (NYSE:KOS) had its target price boosted by research analysts at Barclays PLC from $6.00 to $7.00 in a report released on Wednesday. The brokerage presently has an “equal weight” rating on the oil and gas producer’s stock. Barclays PLC’s price target indicates a potential downside of 8.97% from the company’s current price.
KOS has been the subject of a number of other reports. BMO Capital Markets reiterated a “buy” rating and set a $9.00 price target on shares of Kosmos Energy in a report on Friday, August 4th. Zacks Investment Research downgraded Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday. BidaskClub downgraded Kosmos Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Jefferies Group LLC downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Citigroup Inc. decreased their price target on Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.44.
Kosmos Energy (NYSE:KOS) opened at 7.69 on Wednesday. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $8.21. The firm has a 50-day moving average price of $7.47 and a 200-day moving average price of $6.68. The firm’s market capitalization is $2.99 billion.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The firm had revenue of $146.50 million during the quarter, compared to the consensus estimate of $168.71 million. During the same period last year, the business posted ($0.11) EPS. The business’s revenue was up 220.6% compared to the same quarter last year. Equities analysts expect that Kosmos Energy will post ($0.24) earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas grew its stake in shares of Kosmos Energy by 40.8% in the 1st quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after buying an additional 4,463 shares during the period. Comerica Bank boosted its stake in Kosmos Energy by 16.8% during the 1st quarter. Comerica Bank now owns 18,750 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 2,701 shares during the last quarter. Creative Planning acquired a new position in Kosmos Energy during the 2nd quarter valued at about $128,000. QS Investors LLC boosted its stake in Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Kosmos Energy by 3.3% during the 1st quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after purchasing an additional 720 shares during the last quarter.
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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