The Goldman Sachs Group Issues Positive Forecast for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price objective lifted by The Goldman Sachs Group from $1.75 to $2.00 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the oil and gas producer’s stock.

A number of other research firms also recently commented on KOS. Stephens initiated coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and reduced their price target for the company from $4.50 to $3.50 in a research report on Friday, December 5th. Mizuho lowered their price target 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Finally, Sanford C. Bernstein decreased their target price on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Trading Down 6.2%

NYSE:KOS opened at $1.59 on Friday. The company has a market cap of $758.15 million, a P/E ratio of -2.33 and a beta of 0.89. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.49. The business has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $1.50. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04.

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

Hedge Funds Weigh In On Kosmos Energy

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

About Kosmos Energy

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.