Kosmos Energy (NYSE:KOS) Coverage Initiated at Stephens

Analysts at Stephens assumed coverage on shares of Kosmos Energy (NYSE:KOS) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set an “equal weight” rating and a $1.75 price target on the oil and gas producer’s stock. Stephens’ target price indicates a potential upside of 21.11% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Clarkson Capital assumed coverage on Kosmos Energy in a research report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price on the stock. Mizuho reduced their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.00 price target (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Kosmos Energy in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.07.

Kosmos Energy Stock Down 5.6%

NYSE KOS opened at $1.45 on Tuesday. The business has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.79. The stock has a market capitalization of $691.18 million, a PE ratio of -4.38 and a beta of 1.44. Kosmos Energy has a fifty-two week low of $1.34 and a fifty-two week high of $4.22. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The business had revenue of $311.23 million during the quarter, compared to the consensus estimate of $360.82 million. Equities analysts expect that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in the business. Foster Group Inc. bought a new stake in Kosmos Energy during the 2nd quarter worth approximately $26,000. Blueshift Asset Management LLC acquired a new position in shares of Kosmos Energy during the second quarter worth $27,000. Verum Partners LLC acquired a new position in shares of Kosmos Energy during the second quarter worth $29,000. Vident Advisory LLC bought a new stake in shares of Kosmos Energy in the first quarter worth $30,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Kosmos Energy in the second quarter valued at $30,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

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.