Kosmos Energy (NYSE:KOS) Price Target Cut to $2.00 by Analysts at Mizuho

Key Points

• The target price for Kosmos Energy has been decreased by Mizuho from $3.00 to $2.00, maintaining a "neutral" rating, which reflects a potential upside of 16.96% from the current price.
• Kosmos Energy reported a loss of $0.19 earnings per share, missing analysts' expectations, with revenue falling short of estimates as well.
• Institutional investors hold a significant share of the company, owning 95.33% of Kosmos Energy's stock, indicating strong institutional interest in the company.

Kosmos Energy (NYSE:KOS - Get Free Report) had its target price decreased by stock analysts at Mizuho from $3.00 to $2.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas producer's stock. Mizuho's price target would suggest a potential upside of 16.96% from the company's current price.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group lowered their target price on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Kosmos Energy has a consensus rating of "Moderate Buy" and a consensus price target of $4.77.

Kosmos Energy Stock Performance

Kosmos Energy stock traded up $0.04 during midday trading on Monday, reaching $1.71. 2,605,386 shares of the company traded hands, compared to its average volume of 9,977,286. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. Kosmos Energy has a 12 month low of $1.39 and a 12 month high of $4.69. The firm has a market capitalization of $817.81 million, a price-to-earnings ratio of -5.17 and a beta of 1.57. The business has a 50 day moving average of $1.90 and a two-hundred day moving average of $1.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KOS. Vident Advisory LLC purchased a new stake in Kosmos Energy in the 1st quarter worth about $30,000. Foster Group Inc. purchased a new stake in shares of Kosmos Energy in the second quarter worth approximately $26,000. Blueshift Asset Management LLC bought a new stake in shares of Kosmos Energy during the 2nd quarter worth approximately $27,000. Verum Partners LLC bought a new position in Kosmos Energy in the 2nd quarter valued at $29,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Kosmos Energy during the second quarter worth $30,000. 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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