Kosmos Energy (NYSE:KOS) Shares Climb 5.4% on Analyst Upgrade

Key Points

• Kosmos Energy shares rose 5.4% to $2.15 after Sanford C. Bernstein raised its price target from $1.90 to $2.00, while maintaining a market-perform rating.
• Analyst sentiment remains cautious: MarketBeat lists an average “Reduce” rating and a $2.54 average price target, with one Buy, four Hold, and four Sell ratings.
• The company’s latest quarter fell short of expectations, reporting EPS of $0.06 versus $0.13 expected and revenue of $410.06 million versus an estimated $466.11 million.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price was up 5.4% on Thursday after Sanford C. Bernstein raised their price target on the stock from $1.90 to $2.00. Sanford C. Bernstein currently has a market perform rating on the stock. Kosmos Energy traded as high as $2.15 and last traded at $2.15. Approximately 1,938,495 shares were traded during trading, a decline of 89% from the average daily volume of 18,348,182 shares. The stock had previously closed at $2.04.

KOS has been the subject of a number of other reports. Wall Street Zen cut Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Sunday. Mizuho raised shares of Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a report on Friday, October 30th. Jefferies Financial Group downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating and increased their price objective for the stock from $2.75 to $2.90 in a research report on Wednesday, October 28th. Finally, Stephens lowered their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating for the company in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of "Reduce" and an average price target of $2.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Phoenix Financial Ltd. acquired a new stake in Kosmos Energy in the 3rd quarter valued at approximately $47,291,000. Renaissance Technologies LLC boosted its position in Kosmos Energy by 224.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer's stock worth $14,844,000 after acquiring an additional 3,691,800 shares during the last quarter. Bank of America Corp DE acquired a new position in Kosmos Energy during the 2nd quarter worth approximately $6,188,000. Bank of New York Mellon Corp acquired a new position in Kosmos Energy during the 2nd quarter worth approximately $3,913,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Kosmos Energy during the 1st quarter worth approximately $4,809,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Stock Up 5.4%

The company has a market capitalization of $1.28 billion, a P/E ratio of -2.15, a PEG ratio of 0.32 and a beta of 0.78. The firm's 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.54. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of 3.72.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). The business had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.22 EPS for the current year.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.

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