Kosmos Energy Ltd (NYSE:KOS) Receives $8.42 Consensus Target Price from Analysts

Kosmos Energy Ltd (NYSE:KOS) has been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $8.42.

Several research firms recently weighed in on KOS. ValuEngine cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Barclays set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Berenberg Bank reissued a “buy” rating and issued a $11.00 price objective on shares of Kosmos Energy in a research report on Monday, November 11th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in Kosmos Energy by 15,799.3% during the third quarter. Millennium Management LLC now owns 4,374,999 shares of the oil and gas producer’s stock worth $27,299,000 after buying an additional 4,347,482 shares in the last quarter. Man Group plc raised its holdings in Kosmos Energy by 81.4% in the 3rd quarter. Man Group plc now owns 29,571 shares of the oil and gas producer’s stock valued at $184,000 after acquiring an additional 13,271 shares in the last quarter. Stifel Financial Corp acquired a new position in Kosmos Energy in the 3rd quarter valued at approximately $1,137,000. Boston Partners lifted its position in shares of Kosmos Energy by 25.7% in the 3rd quarter. Boston Partners now owns 8,553,484 shares of the oil and gas producer’s stock worth $53,412,000 after acquiring an additional 1,751,459 shares during the period. Finally, Neo Ivy Capital Management lifted its position in shares of Kosmos Energy by 54.2% in the 3rd quarter. Neo Ivy Capital Management now owns 72,881 shares of the oil and gas producer’s stock worth $461,000 after acquiring an additional 25,624 shares during the period. Institutional investors and hedge funds own 92.79% of the company’s stock.

NYSE:KOS opened at $6.04 on Friday. The stock’s 50 day moving average price is $6.44 and its 200 day moving average price is $6.15. Kosmos Energy has a 52 week low of $3.53 and a 52 week high of $7.55. The company has a market capitalization of $2.43 billion, a P/E ratio of -12.85 and a beta of 2.00. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.87 and a current ratio of 1.16.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $357.00 million during the quarter, compared to the consensus estimate of $349.03 million. Kosmos Energy had a net margin of 12.18% and a negative return on equity of 2.68%. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, sell-side analysts forecast that Kosmos Energy will post 0.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, November 29th. Kosmos Energy’s dividend payout ratio is currently -38.30%.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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