Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $4.93

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.93.

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

Kosmos Energy Price Performance

NYSE KOS traded down $0.01 during trading hours on Friday, hitting $1.98. 3,460,724 shares of the company's stock traded hands, compared to its average volume of 9,327,105. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.40. The company has a market capitalization of $944.07 million, a PE ratio of -65.81 and a beta of 1.44. The firm's 50-day moving average is $1.84 and its 200-day moving average is $2.42. Kosmos Energy has a 52-week low of $1.39 and a 52-week high of $5.97.

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

Insider Activity at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director directly owned 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in Kosmos Energy by 24.9% during the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock worth $67,000 after buying an additional 3,932 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Kosmos Energy by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer's stock worth $155,000 after buying an additional 4,381 shares in the last quarter. Xponance Inc. lifted its holdings in Kosmos Energy by 21.1% during the 4th quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer's stock worth $127,000 after buying an additional 6,460 shares in the last quarter. Cerity Partners LLC lifted its holdings in Kosmos Energy by 17.0% during the 1st quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer's stock worth $105,000 after buying an additional 6,649 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Kosmos Energy by 0.8% during the 4th quarter. Swiss National Bank now owns 928,000 shares of the oil and gas producer's stock worth $3,174,000 after buying an additional 7,500 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.