Kosmos Energy (NYSE:KOS) Price Target Lowered to $7.00 at Bank of America

Kosmos Energy (NYSE:KOS) had its price objective decreased by Bank of America from $8.15 to $7.00 in a research note released on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the oil and gas producer’s stock.

Other equities analysts have also recently issued reports about the company. Benchmark reiterated a buy rating and set a $8.00 target price on shares of Kosmos Energy in a research note on Tuesday, August 6th. Mizuho initiated coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They issued a neutral rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a market perform rating for the company in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $7.47.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $3.96 on Wednesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The company’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $5.41. The firm has a market capitalization of $1.87 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.33 and a beta of 2.42. Kosmos Energy has a 12 month low of $3.69 and a 12 month high of $8.28.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $450.94 million during the quarter. Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. On average, research analysts anticipate that Kosmos Energy will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC bought a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $76,000. Principal Financial Group Inc. grew its position in Kosmos Energy by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 52,907 shares of the oil and gas producer’s stock valued at $355,000 after buying an additional 5,130 shares in the last quarter. US Bancorp DE increased its stake in shares of Kosmos Energy by 14,053.0% during the fourth quarter. US Bancorp DE now owns 472,287 shares of the oil and gas producer’s stock valued at $3,169,000 after acquiring an additional 468,950 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Kosmos Energy by 70.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 74,600 shares of the oil and gas producer’s stock worth $505,000 after buying an additional 30,835 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its position in Kosmos Energy by 7,051.9% in the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 5,712 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.