Kosmos Energy Ltd. (NYSE:KOS) Stock Now Rated "Reduce" by Sell-Side Analysts

Key Points

• Kosmos Energy received a consensus “Reduce” rating from nine analysts, with four sells, three holds and two buys. The average 12-month price target is $2.53, below the reported share price of $2.72.
• Institutional ownership stands at 95.33%, with Renaissance Technologies increasing its position by 224% and several major investors initiating new stakes.
• Kosmos reported quarterly earnings of $0.11 per share, beating estimates of $0.09, while revenue of $607.25 million also exceeded expectations. Despite the beat, the company posted a negative net margin of 33.98% and carries a debt-to-equity ratio of 3.58.

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) have earned a consensus rating of "Reduce" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.53.

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Wall Street Zen upgraded Kosmos Energy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 17th. Stephens reduced their price target on Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating for the company in a report on Tuesday, July 21st. Finally, Mizuho raised Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of Kosmos Energy by 224.0% in the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer's stock valued at $14,844,000 after purchasing an additional 3,691,800 shares during the period. Bank of America Corp DE acquired a new position in shares of Kosmos Energy during the 2nd quarter worth about $6,188,000. Bank of New York Mellon Corp purchased a new position in Kosmos Energy in the 2nd quarter valued at about $3,913,000. Arrowstreet Capital Limited Partnership purchased a new position in Kosmos Energy in the 1st quarter valued at about $4,809,000. Finally, Algert Global LLC lifted its stake in Kosmos Energy by 98.2% in the 2nd quarter. Algert Global LLC now owns 2,490,698 shares of the oil and gas producer's stock valued at $5,255,000 after buying an additional 1,233,831 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Trading Up 0.7%

Shares of NYSE:KOS opened at $2.72 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -2.29, a PEG ratio of 0.16 and a beta of 0.88. The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.68.

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

Kosmos Energy Company Profile

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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