Kosmos Energy (NYSE:KOS) Stock Rating Cut to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Kosmos Energy from “strong buy” to “buy,” while the broader analyst consensus remains “Reduce,” with an average price target of $2.37.
• Kosmos Energy reported quarterly EPS of $0.11, beating estimates of $0.09, and revenue of $607.25 million versus the $483.23 million consensus forecast.
• The stock opened at $2.90 and has a $1.73 billion market capitalization; institutional investors own approximately 95.33% of outstanding shares.

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

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating and upped their price objective for the stock from $2.75 to $2.90 in a research report on Wednesday. Stephens dropped their target price on 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. Mizuho upgraded Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $2.37.

Kosmos Energy Stock Performance

NYSE KOS opened at $2.90 on Friday. The stock has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $2.50. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. The firm has a market capitalization of $1.73 billion, a P/E ratio of -2.44, a PEG ratio of 0.16 and a beta of 0.88. Kosmos Energy has a fifty-two week low of $0.84 and a fifty-two week high of $3.34.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. The company had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. On average, equities analysts forecast that Kosmos Energy will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in KOS. WESPAC Advisors LLC purchased a new position in Kosmos Energy during the third quarter worth about $907,000. Verdence Capital Advisors LLC boosted its holdings in Kosmos Energy by 15.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 397,775 shares of the oil and gas producer's stock valued at $1,010,000 after purchasing an additional 53,496 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Kosmos Energy by 52.2% in the 3rd quarter. Inspire Investing LLC now owns 496,529 shares of the oil and gas producer's stock valued at $1,261,000 after buying an additional 170,398 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Kosmos Energy by 62.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 11,453 shares of the oil and gas producer's stock valued at $29,000 after buying an additional 4,382 shares during the period. Finally, Abel Hall LLC purchased a new stake in shares of Kosmos Energy in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.33% of the company's stock.

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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