Zacks Investment Research upgraded shares of Kosmos Energy Ltd. (NYSE:KOS) from a sell rating to a hold rating in a report published on Thursday morning.
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
Several other research firms have also recently weighed in on KOS. BMO Capital Markets reiterated a buy rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Wednesday, September 27th. Jefferies Group LLC cut shares of Kosmos Energy from a buy rating to a hold rating in a report on Wednesday, October 4th. Sanford C. Bernstein initiated coverage on shares of Kosmos Energy in a report on Wednesday, September 6th. They issued a market perform rating and a $7.00 price target for the company. Barclays PLC upped their price target on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an equal weight rating in a report on Wednesday, October 11th. Finally, Scotiabank upgraded shares of Kosmos Energy from a sector perform rating to a buy rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $9.50.
Kosmos Energy (NYSE:KOS) opened at $8.37 on Thursday. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $8.62. The company has a current ratio of 1.66, a quick ratio of 1.54 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The firm’s quarterly revenue was up 126.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. equities research analysts expect that Kosmos Energy will post -0.34 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC bought a new stake in Kosmos Energy during the third quarter worth $118,000. Teacher Retirement System of Texas raised its position in Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after acquiring an additional 3,778 shares in the last quarter. Creative Planning bought a new stake in Kosmos Energy during the second quarter worth $128,000. JPMorgan Chase & Co. raised its position in Kosmos Energy by 51.0% during the third quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after acquiring an additional 7,144 shares in the last quarter. Finally, Comerica Bank raised its position in Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 3,626 shares in 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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