Scotiabank restated their hold rating on shares of Kosmos Energy Ltd (NYSE:KOS) in a research report released on Tuesday morning. The firm currently has a $8.00 target price on the oil and gas producer’s stock.
KOS has been the topic of a number of other reports. Capital One Financial Corp. reaffirmed an overweight rating on shares of Kosmos Energy in a report on Monday, January 30th. Zacks Investment Research cut shares of Kosmos Energy from a buy rating to a sell rating in a research note on Wednesday, March 8th. Royal Bank of Canada reissued a buy rating and issued a $10.00 price objective (up from $9.00) on shares of Kosmos Energy in a research note on Thursday, March 9th. BMO Capital Markets reissued a buy rating and issued a $10.00 price objective on shares of Kosmos Energy in a research note on Friday, April 21st. Finally, Citigroup Inc dropped their price objective on shares of Kosmos Energy from $10.00 to $8.50 and set a buy rating on the stock in a research note on Tuesday, May 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $8.75.
Kosmos Energy (NYSE:KOS) traded up 4.88% during mid-day trading on Tuesday, hitting $7.31. 839,591 shares of the stock were exchanged. The firm’s market cap is $2.83 billion. Kosmos Energy has a 52-week low of $4.39 and a 52-week high of $7.48. The company has a 50 day moving average price of $6.37 and a 200 day moving average price of $6.05.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The business had revenue of $152 million for the quarter, compared to analysts’ expectations of $173.10 million. Kosmos Energy had a negative net margin of 68.54% and a negative return on equity of 6.30%. The company’s quarterly revenue was up 144.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. On average, analysts anticipate that Kosmos Energy will post ($0.26) EPS for the current year.
In related news, SVP Jason Doughty purchased 8,347 shares of the stock in a transaction dated Friday, March 3rd. The shares were acquired at an average cost of $6.00 per share, with a total value of $50,082.00. Following the purchase, the senior vice president now directly owns 400,354 shares in the company, valued at approximately $2,402,124. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.74% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Kosmos Energy by 134.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,683,128 shares of the oil and gas producer’s stock valued at $24,529,000 after buying an additional 2,111,884 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Kosmos Energy during the first quarter valued at approximately $4,452,000. Point72 Europe London LLP acquired a new stake in Kosmos Energy during the first quarter valued at approximately $8,963,000. Credit Suisse AG raised its stake in Kosmos Energy by 66.9% in the first quarter. Credit Suisse AG now owns 142,307 shares of the oil and gas producer’s stock valued at $947,000 after buying an additional 57,051 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Kosmos Energy during the first quarter valued at approximately $918,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
Kosmos Energy Company Profile
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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