Kosmos Energy (KOS) Lifted to “Outperform” at Credit Suisse Group

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.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. equities analysts forecast that Kosmos Energy will post -0.34 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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