Kosmos Energy (NYSE:KOS) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS – Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the company. Mizuho raised Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Finally, Stephens dropped their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kosmos Energy has an average rating of “Reduce” and a consensus target price of $2.53.

Read Our Latest Research Report on Kosmos Energy

Kosmos Energy Stock Performance

KOS opened at $2.79 on Friday. The company has a market cap of $1.66 billion, a PE ratio of -2.34, a price-to-earnings-growth ratio of 0.16 and a beta of 0.88. The stock has a 50-day moving average of $2.74 and a 200-day moving average of $2.68. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59.

Kosmos Energy (NYSE:KOS – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. As a group, equities research analysts forecast that Kosmos Energy will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of Kosmos Energy in the first quarter valued at approximately $31,000. Caerus Investment Advisors LLC bought a new position in Kosmos Energy during the first quarter worth $31,000. Pallas Capital Advisors LLC bought a new position in Kosmos Energy during the second quarter worth $25,000. Proficio Capital Partners LLC bought a new position in Kosmos Energy during the second quarter worth $27,000. Finally, Sanctuary Advisors LLC acquired a new position in Kosmos Energy during the 2nd quarter valued at $27,000. 95.33% of the stock is owned by institutional investors.

About Kosmos Energy

(Get Free Report)

Kosmos Energy Ltd. (NYSE: KOS) is an independent international energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop hydrocarbon resources in selected emerging and frontier basins.

Kosmos has historically maintained a portfolio concentrated along the Atlantic margins of Africa. Its activities have included oil production and development projects offshore Ghana, including interests in the Jubilee and TEN fields, as well as natural gas exploration and development in the offshore Mauritania-Senegal basin.

Further Reading

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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