Kosmos Energy (NYSE:KOS) Stock Rating Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Kosmos Energy (NYSE:KOS) from a strong-buy rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on KOS. Stephens cut their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Finally, Jefferies Financial Group cut shares of Kosmos Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from $2.75 to $2.90 in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2.37.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.90 on Friday. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. The business’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $2.50. The firm has a market capitalization of $1.73 billion, a PE ratio of -2.44, a P/E/G ratio of 0.17 and a beta of 0.88.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The company had revenue of $607.25 million for the quarter, compared to analysts’ expectations of $483.23 million. On average, research analysts expect that Kosmos Energy will post 0.57 EPS for the current year.

Institutional Trading of Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in KOS. First Trust Advisors LP lifted its holdings in Kosmos Energy by 9.2% in the first quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock worth $21,390,000 after purchasing an additional 646,052 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kosmos Energy by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock worth $19,699,000 after purchasing an additional 1,204,789 shares during the period. Bank of America Corp DE grew its position in Kosmos Energy by 14.2% in the 1st quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock valued at $15,404,000 after buying an additional 689,800 shares in the last quarter. Renaissance Technologies LLC grew its position in Kosmos Energy by 224.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after buying an additional 3,691,800 shares in the last quarter. Finally, Algert Global LLC grew its position in Kosmos Energy by 98.2% in the 2nd quarter. Algert Global LLC now owns 2,490,698 shares of the oil and gas producer’s stock valued at $5,255,000 after buying an additional 1,233,831 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.