Sanford C. Bernstein Issues Positive Forecast for Kosmos Energy (NYSE:KOS) Stock Price

Key Points

• Sanford C. Bernstein raised its price target on Kosmos Energy from $1.90 to $2.00 but maintained a “market perform” rating; the new target implies 2.91% downside from the share price at the time.
• Analyst sentiment is broadly cautious: MarketBeat reported a consensus “Reduce” rating and a $2.54 average price target, with one Buy, four Hold, and four Sell ratings.
• Kosmos Energy’s latest quarter fell short of expectations, reporting EPS of $0.06 versus $0.13 expected and revenue of $410.06 million versus $466.11 million forecast.

Kosmos Energy (NYSE:KOS - Get Free Report) had its price target lifted by Sanford C. Bernstein from $1.90 to $2.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "market perform" rating on the oil and gas producer's stock. Sanford C. Bernstein's target price points to a potential downside of 2.91% from the company's current price.

A number of other equities research analysts have also recently commented on KOS. Mizuho upgraded Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Kosmos Energy in a report on Friday, October 30th. Wall Street Zen cut Kosmos Energy from a "buy" rating to a "hold" rating in a report on Sunday. Jefferies Financial Group downgraded Kosmos Energy from a "buy" rating to a "hold" rating and upped their price objective for the company from $2.75 to $2.90 in a research report on Wednesday, October 28th. Finally, Stephens decreased their price objective on Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $2.54.

Kosmos Energy Stock Performance

Shares of KOS opened at $2.06 on Thursday. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.34. The stock has a market cap of $1.23 billion, a P/E ratio of -2.06, a PEG ratio of 0.32 and a beta of 0.78. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 3.72. The company has a 50-day moving average of $2.66 and a two-hundred day moving average of $2.54.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly 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 net margin of 27.21% and a negative return on equity of 1.67%. The business had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. As a group, research analysts predict that Kosmos Energy will post 0.22 EPS for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of hedge funds have recently bought and sold shares of the company. Phoenix Financial Ltd. purchased a new stake in Kosmos Energy in the 3rd quarter worth approximately $47,291,000. M&G PLC lifted its stake in shares of Kosmos Energy by 18.6% during the 3rd quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer's stock worth $22,330,000 after purchasing an additional 1,381,605 shares during the period. First Trust Advisors LP boosted its holdings in shares of Kosmos Energy by 9.2% during the first quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer's stock worth $21,390,000 after purchasing an additional 646,052 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kosmos Energy by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer's stock worth $19,699,000 after purchasing an additional 1,204,789 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Kosmos Energy by 14.2% in the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer's stock valued at $15,404,000 after purchasing an additional 689,800 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

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