Kosmos Energy Ltd. (NYSE:KOS) Given Consensus Recommendation of "Moderate Buy" by Analysts

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

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

Kosmos Energy Stock Up 1.8%

Kosmos Energy stock traded up $0.04 during midday trading on Friday, hitting $2.02. 10,708,110 shares of the stock were exchanged, compared to its average volume of 9,332,632. Kosmos Energy has a 52-week low of $1.39 and a 52-week high of $5.97. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The business's 50-day moving average price is $1.85 and its 200-day moving average price is $2.41. The stock has a market capitalization of $963.19 million, a price-to-earnings ratio of -67.14 and a beta of 1.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last released 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 business had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. On average, research analysts expect that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the sale, the director owned 29,921 shares of the company's stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Kosmos Energy by 103.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock worth $4,352,000 after acquiring an additional 647,921 shares during the last quarter. American Century Companies Inc. grew its holdings in Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock valued at $101,083,000 after buying an additional 2,997,438 shares in the last quarter. Barclays PLC grew its holdings in Kosmos Energy by 85.0% during the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock valued at $19,190,000 after buying an additional 2,578,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kosmos Energy by 23.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after buying an additional 395,283 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Kosmos Energy by 78.2% during the 4th quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock valued at $9,116,000 after buying an additional 1,170,074 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Company Profile

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.