Benchmark Reaffirms “Buy” Rating for Kosmos Energy (NYSE:KOS)

Benchmark reaffirmed their buy rating on shares of Kosmos Energy (NYSE:KOS) in a report released on Wednesday morning, Benzinga reports. Benchmark currently has a $8.00 target price on the oil and gas producer’s stock.

Several other analysts have also recently weighed in on KOS. Sanford C. Bernstein cut their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Mizuho assumed coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Finally, Bank of America dropped their target price on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $4.22 on Wednesday. The company has a market cap of $1.99 billion, a PE ratio of 9.17, a P/E/G ratio of 0.54 and a beta of 2.41. The business has a 50 day moving average of $4.42 and a 200 day moving average of $5.25. Kosmos Energy has a 52 week low of $3.69 and a 52 week high of $7.68. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last posted its 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). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The company had revenue of $450.94 million during the quarter. As a group, equities research analysts forecast that Kosmos Energy will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently modified their holdings of the stock. Raymond James & Associates boosted its stake in Kosmos Energy by 250.4% in the 3rd quarter. Raymond James & Associates now owns 923,914 shares of the oil and gas producer’s stock worth $3,723,000 after purchasing an additional 660,261 shares in the last quarter. Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after buying an additional 1,863,966 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of Kosmos Energy by 13.6% in the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 3,700 shares in the last quarter. Naviter Wealth LLC purchased a new stake in shares of Kosmos Energy during the third quarter valued at approximately $48,000. Finally, Fruth Investment Management increased its position in shares of Kosmos Energy by 10.2% during the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.