The Goldman Sachs Group Lowers Kosmos Energy (NYSE:KOS) Price Target to $3.00

Kosmos Energy (NYSE:KOS) had its price target decreased by research analysts at The Goldman Sachs Group from $3.50 to $3.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 75.95% from the company’s previous close.

KOS has been the subject of a number of other research reports. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. StockNews.com upgraded Kosmos Energy to a “sell” rating in a report on Friday. Finally, Mizuho lowered their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and an average price target of $4.93.

Kosmos Energy Trading Down 2.6%

Shares of Kosmos Energy stock traded down $0.05 on Monday, reaching $1.71. The company had a trading volume of 7,784,296 shares, compared to its average volume of 8,438,462. The firm has a market cap of $815.01 million, a price-to-earnings ratio of 3.86, a P/E/G ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The firm’s 50-day moving average price is $1.89 and its two-hundred day moving average price is $2.85. Kosmos Energy has a 1 year low of $1.39 and a 1 year high of $6.33.

Kosmos Energy (NYSE:KOS) last released its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds have recently made changes to their positions in the stock. Vident Advisory LLC acquired a new position in Kosmos Energy during the 1st quarter valued at about $30,000. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy during the 4th quarter valued at about $34,000. Disciplined Investors L.L.C. acquired a new position in shares of Kosmos Energy in the fourth quarter valued at about $36,000. Sapient Capital LLC purchased a new position in shares of Kosmos Energy in the fourth quarter worth about $37,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy in the fourth quarter worth about $45,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas 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 gas projects located in offshore Mauritania and Senegal.