Kosmos Energy (NYSE:KOS) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Kosmos Energy from “buy” to “hold.” Analysts overall are cautious: MarketBeat reports a “Reduce” consensus rating and an average price target of $2.37.
• Kosmos reported quarterly EPS of $0.06, below the $0.13 consensus estimate, while revenue of $410.06 million also missed analyst expectations of $466.11 million.
• The stock opened at $2.11, below its 50-day moving average of $2.71 and 200-day average of $2.53.

Kosmos Energy (NYSE:KOS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on KOS. Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a report on Friday, October 30th. Jefferies Financial Group lowered shares of Kosmos Energy from a "buy" rating to a "hold" rating and raised their price objective for the stock from $2.75 to $2.90 in a research note on Wednesday, October 28th. Mizuho raised shares of Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. Finally, Stephens lowered 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. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of "Reduce" and an average price target of $2.37.

Kosmos Energy Price Performance

NYSE KOS opened at $2.11 on Friday. The stock's 50-day moving average price is $2.71 and its two-hundred day moving average price is $2.53. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 3.72. The company has a market cap of $1.26 billion, a PE ratio of -2.11, a PEG ratio of 0.32 and a beta of 0.78. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.34.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Kosmos Energy had a negative return on equity of 1.67% and a negative net margin of 27.21%. The firm had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. On average, analysts predict that Kosmos Energy will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in shares of Kosmos Energy by 18.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,141,299 shares of the oil and gas producer's stock valued at $7,979,000 after acquiring an additional 497,454 shares in the last quarter. O Brien Greene & Co. Inc increased its stake in shares of Kosmos Energy by 77.4% in the third quarter. O Brien Greene & Co. Inc now owns 159,668 shares of the oil and gas producer's stock worth $406,000 after acquiring an additional 69,668 shares during the last quarter. Ballast Asset Management LP increased its stake in shares of Kosmos Energy by 16.7% in the third quarter. Ballast Asset Management LP now owns 2,343,733 shares of the oil and gas producer's stock worth $5,953,000 after acquiring an additional 335,580 shares during the last quarter. M&G PLC increased its stake in shares of Kosmos Energy by 18.6% in the third quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer's stock worth $22,330,000 after acquiring an additional 1,381,605 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Kosmos Energy during the third quarter worth $28,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.

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