Credit Suisse Group upgraded shares of Kosmos Energy (NYSE:KOS) from a neutral rating to an outperform rating in a research note published on Monday morning, Marketbeat Ratings reports.
KOS has been the topic of several other reports. TheStreet upgraded Kosmos Energy from a d+ rating to a c- rating in a research report on Friday, October 6th. Bank of America started coverage on Kosmos Energy in a research report on Friday, September 29th. They issued a neutral rating and a $9.00 price target on the stock. BMO Capital Markets restated a buy rating and issued a $9.00 price target on shares of Kosmos Energy in a research report on Wednesday, September 27th. Zacks Investment Research upgraded Kosmos Energy from a strong sell rating to a hold rating in a research report on Friday, October 27th. Finally, Jefferies Group lowered Kosmos Energy from a buy rating to a hold rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Kosmos Energy presently has a consensus rating of Buy and an average target price of $9.45.
Shares of Kosmos Energy (KOS) traded up $0.03 on Monday, reaching $6.86. The company’s stock had a trading volume of 3,788,200 shares, compared to its average volume of 3,402,913. The company has a market cap of $2,720.00, a price-to-earnings ratio of -16.73 and a beta of 1.57. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.39. Kosmos Energy has a 52-week low of $5.53 and a 52-week high of $8.62.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Quantitative Systematic Strategies LLC bought a new stake in shares of Kosmos Energy in the third quarter valued at approximately $118,000. JPMorgan Chase & Co. increased its holdings in Kosmos Energy by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock valued at $169,000 after purchasing an additional 7,144 shares during the period. Comerica Bank increased its holdings in Kosmos Energy by 19.3% in the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 3,626 shares during the period. QS Investors LLC increased its holdings in Kosmos Energy by 192.3% in the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 15,000 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Kosmos Energy in the third quarter valued at $214,000.
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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