Kosmos Energy (KOS) Shares Gap Up to $5.88

Kosmos Energy Ltd (NYSE:KOS) gapped up before the market opened on Tuesday . The stock had previously closed at $5.30, but opened at $5.88. Kosmos Energy shares last traded at $6.07, with a volume of 3465924 shares changing hands.

Several equities research analysts have issued reports on KOS shares. Jefferies Group set a $6.00 price target on Kosmos Energy and gave the company a “hold” rating in a report on Friday, February 9th. BMO Capital Markets set a $10.00 price target on Kosmos Energy and gave the company a “buy” rating in a report on Monday, February 26th. BNP Paribas started coverage on Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating for the company. Bank of America raised Kosmos Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, Barclays raised their price target on Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.36.

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The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 1.43. The firm has a market cap of $2,390.00, a PE ratio of -11.45 and a beta of 1.70.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 26th. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $187.10 million for the quarter, compared to analysts’ expectations of $182.28 million. Kosmos Energy had a negative return on equity of 12.49% and a negative net margin of 34.98%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) EPS. equities analysts expect that Kosmos Energy Ltd will post -0.14 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC bought a new position in Kosmos Energy during the 3rd quarter worth $1,175,000. GSA Capital Partners LLP increased its position in Kosmos Energy by 84.4% during the 3rd quarter. GSA Capital Partners LLP now owns 397,268 shares of the oil and gas producer’s stock worth $3,162,000 after buying an additional 181,779 shares during the period. Janus Henderson Group PLC increased its position in Kosmos Energy by 39.9% during the 3rd quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock worth $60,613,000 after buying an additional 2,174,305 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Kosmos Energy by 25.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,877,832 shares of the oil and gas producer’s stock worth $54,747,000 after buying an additional 1,409,272 shares during the period. Finally, California State Teachers Retirement System increased its position in Kosmos Energy by 9.8% during the 3rd quarter. California State Teachers Retirement System now owns 385,583 shares of the oil and gas producer’s stock worth $3,069,000 after buying an additional 34,492 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.

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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.

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