The Goldman Sachs Group Reiterates Neutral Rating for Kosmos Energy (NYSE:KOS)

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 reissued by investment analysts at The Goldman Sachs Group in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $2.00 target price on the oil and gas producer's stock, down from their previous target price of $3.00. The Goldman Sachs Group's price target suggests a potential upside of 18.69% from the company's current price.

Several other analysts have also commented on KOS. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho dropped their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Kosmos Energy presently has an average rating of "Hold" and a consensus target price of $4.60.

Kosmos Energy Stock Down 0.3%

Kosmos Energy stock traded down $0.01 during mid-day trading on Monday, reaching $1.69. 10,827,100 shares of the company were exchanged, compared to its average volume of 7,971,923. The business has a fifty day moving average of $1.85 and a 200 day moving average of $1.89. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. The firm has a market cap of $805.85 million, a P/E ratio of -5.11 and a beta of 1.57. Kosmos Energy has a 12-month low of $1.39 and a 12-month high of $4.69.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KOS. D. E. Shaw & Co. Inc. lifted its position in Kosmos Energy by 138.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,700 shares of the oil and gas producer's stock valued at $122,000 after purchasing an additional 20,700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kosmos Energy by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,037 shares of the oil and gas producer's stock worth $910,000 after purchasing an additional 9,928 shares during the last quarter. Millennium Management LLC increased its position in shares of Kosmos Energy by 78.2% in the fourth quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock worth $9,116,000 after acquiring an additional 1,170,074 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Kosmos Energy by 18.5% in the fourth quarter. Nuveen Asset Management LLC now owns 1,508,556 shares of the oil and gas producer's stock worth $5,159,000 after acquiring an additional 235,949 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Kosmos Energy by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 131,762 shares of the oil and gas producer's stock worth $451,000 after buying an additional 43,353 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.