Kosmos Energy Ltd. (NYSE:KOS) Receives $4.93 Consensus Price Target from Analysts

Key Points

• Kosmos Energy Ltd. (NYSE:KOS) has received a consensus rating of "Moderate Buy" from six research firms, with three analysts recommending hold and three recommending buy.
• The company's average one-year target price is currently set at $4.93, with differing price targets from various analysts, including a reduction by Goldman Sachs from $3.50 to $3.00.
• Shares of Kosmos Energy opened at $2.32, reflecting a 3.1% decrease, and have a market capitalization of $1.11 billion with a negative return on equity of -0.63%.

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.93.

Several brokerages have issued reports on KOS. Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Mizuho dropped their target price on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped their target price on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 19th.

Insider Buying and Selling at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the transaction, the director directly owned 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.99% of the company's stock.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. Thrivent Financial for Lutherans purchased a new position in Kosmos Energy during the 4th quarter valued at about $1,319,000. Sei Investments Co. boosted its holdings in Kosmos Energy by 14.0% during the 4th quarter. Sei Investments Co. now owns 145,158 shares of the oil and gas producer's stock valued at $496,000 after acquiring an additional 17,808 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Kosmos Energy during the 4th quarter valued at about $361,000. Prudential Financial Inc. boosted its holdings in Kosmos Energy by 144.5% during the 4th quarter. Prudential Financial Inc. now owns 908,500 shares of the oil and gas producer's stock valued at $3,107,000 after acquiring an additional 536,900 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Kosmos Energy by 103.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock valued at $4,352,000 after acquiring an additional 647,921 shares during the period. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Trading Down 9.3%

NYSE:KOS traded down $0.20 during trading hours on Wednesday, hitting $1.95. The company had a trading volume of 14,740,465 shares, compared to its average volume of 6,602,297. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.59. The company has a 50-day moving average of $2.00 and a 200 day moving average of $2.24. The company has a market cap of $932.12 million, a P/E ratio of -64.98 and a beta of 1.44. Kosmos Energy has a 1 year low of $1.38 and a 1 year high of $5.23.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million during the quarter, compared to analysts' expectations of $338.23 million. Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. Sell-side analysts expect that Kosmos Energy will post 0.42 earnings per share for the current year.

About Kosmos Energy

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.