Kosmos Energy (NYSE:KOS) Shares Gap Down on Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Thursday after Bank of America lowered their price target on the stock from $8.15 to $7.00. The stock had previously closed at $3.95, but opened at $3.85. Bank of America currently has a buy rating on the stock. Kosmos Energy shares last traded at $3.85, with a volume of 1,672,713 shares changing hands.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein lowered their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Finally, Mizuho started coverage on Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.47.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of Kosmos Energy during the fourth quarter worth $76,000. Principal Financial Group Inc. raised its position in shares of Kosmos Energy by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 52,907 shares of the oil and gas producer’s stock worth $355,000 after acquiring an additional 5,130 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Kosmos Energy by 70.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 74,600 shares of the oil and gas producer’s stock worth $505,000 after purchasing an additional 30,835 shares during the period. TFO Wealth Partners LLC grew its stake in shares of Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 5,712 shares during the period. Finally, Cloverfields Capital Group LP acquired a new stake in shares of Kosmos Energy during the fourth quarter worth $695,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Up 7.0 %

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 business has a 50 day moving average of $4.67 and a 200 day moving average of $5.41. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.33 and a beta of 2.42.

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

Kosmos Energy Company Profile

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.