Sanford C. Bernstein Cuts Kosmos Energy (NYSE:KOS) Price Target to $0.80

Kosmos Energy (NYSE:KOS) had its price objective trimmed by Sanford C. Bernstein from $1.70 to $0.80 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the oil and gas producer’s stock.

Other equities analysts have also issued reports about the stock. Bank of America reaffirmed an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their price target for the stock from $4.50 to $3.50 in a report on Friday, December 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Mizuho cut their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Finally, Clarkson Capital began coverage on Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Stock Down 8.9%

Kosmos Energy stock opened at $0.91 on Monday. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.94. The business has a fifty day moving average price of $1.14 and a 200-day moving average price of $1.58. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The stock has a market capitalization of $435.76 million, a price-to-earnings ratio of -1.34 and a beta of 0.89.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The business had revenue of $310.96 million for the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. Equities research analysts forecast that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of Kosmos Energy by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after buying an additional 4,175,537 shares during the period. Patient Capital Management LLC grew its holdings in Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after acquiring an additional 1,334,930 shares during the period. Equinox Partners Investment Management LLC raised its position in Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Kosmos Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock valued at $23,772,000 after acquiring an additional 286,593 shares during the period. Finally, Geode Capital Management LLC boosted its position in Kosmos Energy by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer’s stock worth $19,376,000 after purchasing an additional 424,720 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.