Kosmos Energy (NYSE:KOS) Now Covered by Analysts at Clarkson Capital

Key Points

• Clarkson Capital has initiated coverage of Kosmos Energy (NYSE:KOS) with a "buy" rating and a price target of $4.00, suggesting a potential upside of 138.81% from its previous close.
• According to consensus ratings, Kosmos Energy has a "Hold" classification with a price target of $4.10, despite mixed reviews from other research firms.
• The company's recent earnings report showed a loss of ($0.19) EPS, missing estimates, along with a revenue of $393.52 million which was below expectations.

Clarkson Capital assumed coverage on shares of Kosmos Energy (NYSE:KOS - Get Free Report) in a report released on Friday. The firm set a "buy" rating and a $4.00 price target on the oil and gas producer's stock. Clarkson Capital's target price points to a potential upside of 138.81% from the company's previous close.

Several other research firms have also recently issued reports on KOS. Weiss Ratings reiterated a "sell (d)" rating on shares of Kosmos Energy in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.00 price objective (down previously from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Finally, Mizuho cut their price target on 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 analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has a consensus rating of "Hold" and a consensus price target of $4.10.

Kosmos Energy Stock Performance

KOS traded up $0.07 during midday trading on Friday, hitting $1.68. 1,427,692 shares of the company were exchanged, compared to its average volume of 10,023,914. The company's 50 day simple moving average is $1.70 and its 200 day simple moving average is $1.81. The firm has a market capitalization of $801.08 million, a price-to-earnings ratio of -5.01 and a beta of 1.43. 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 has a 1-year low of $1.39 and a 1-year high of $4.22.

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

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Kosmos Energy by 11.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer's stock valued at $17,750,000 after acquiring an additional 815,582 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Kosmos Energy by 26.8% in the first quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer's stock valued at $12,129,000 after purchasing an additional 1,125,724 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Kosmos Energy during the first quarter worth approximately $3,749,000. Raymond James Financial Inc. lifted its position in Kosmos Energy by 220.1% during the first quarter. Raymond James Financial Inc. now owns 1,917,488 shares of the oil and gas producer's stock worth $4,372,000 after buying an additional 1,318,383 shares in the last quarter. Finally, Nantahala Capital Management LLC acquired a new position in Kosmos Energy during the first quarter worth $3,914,000. 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.

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