Kosmos Energy (NYSE:KOS) Earns Neutral Rating from The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has reiterated a neutral rating for Kosmos Energy (NYSE:KOS) with a revised price target of $2.00, down from $3.00, indicating a potential upside of approximately 18.69%.
• Kosmos Energy reported a loss of ($0.19) earnings per share for the last quarter, significantly missing the consensus estimate of ($0.06).
• Institutional investors hold a substantial 95.33% of Kosmos Energy's stock, with notable increases in holdings by firms like Squarepoint Ops LLC and Orion Portfolio Solutions LLC during the second quarter.

Kosmos Energy (NYSE:KOS - Get Free Report)'s stock had its "neutral" rating reiterated by The Goldman Sachs Group in a research note issued on Monday,Benzinga reports. They currently have a $2.00 price target on the oil and gas producer's stock, down from their prior price target of $3.00. The Goldman Sachs Group's price objective suggests a potential upside of 18.69% from the company's previous close.

Other analysts have also issued research reports about the company. Mizuho decreased their price target on Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.60.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $1.69 on Monday. Kosmos Energy has a 1-year low of $1.39 and a 1-year high of $4.69. The firm has a market capitalization of $805.85 million, a PE ratio of -5.11 and a beta of 1.57. The business's 50 day moving average is $1.86 and its 200-day moving average is $1.89. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The firm had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Sell-side analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Orion Porfolio Solutions LLC increased its holdings in shares of Kosmos Energy by 18.8% in the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer's stock worth $99,000 after acquiring an additional 9,159 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer's stock worth $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. Caxton Associates LLP increased its holdings in shares of Kosmos Energy by 16.9% in the second quarter. Caxton Associates LLP now owns 948,065 shares of the oil and gas producer's stock worth $1,631,000 after acquiring an additional 137,179 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Kosmos Energy by 145.4% in the second quarter. Tower Research Capital LLC TRC now owns 50,623 shares of the oil and gas producer's stock worth $87,000 after acquiring an additional 29,991 shares in the last quarter. Finally, Voleon Capital Management LP bought a new stake in shares of Kosmos Energy in the second quarter worth about $62,000. Institutional investors own 95.33% of the company's stock.

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.

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