Kosmos Energy’s (KOS) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Kosmos Energy (NYSE:KOS) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $8.00 price target on the oil and gas producer’s stock.

KOS has been the subject of a number of other reports. Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Mizuho started coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Finally, Sanford C. Bernstein decreased their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Kosmos Energy Stock Performance

NYSE KOS opened at $4.17 on Wednesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. Kosmos Energy has a 1-year low of $3.69 and a 1-year high of $7.80. The business has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $5.27. The stock has a market capitalization of $1.96 billion, a PE ratio of 9.05, a P/E/G ratio of 0.54 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. On average, research analysts predict that Kosmos Energy will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently made changes to their positions in KOS. Goldman Sachs Group Inc. lifted its stake in Kosmos Energy by 31.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,201,036 shares of the oil and gas producer’s stock worth $21,479,000 after purchasing an additional 769,037 shares during the last quarter. CCG Wealth Management LLC purchased a new stake in shares of Kosmos Energy in the first quarter worth approximately $386,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kosmos Energy by 23.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock worth $149,867,000 after buying an additional 4,830,005 shares during the period. Woodmont Investment Counsel LLC lifted its stake in shares of Kosmos Energy by 1.3% during the 1st quarter. Woodmont Investment Counsel LLC now owns 218,818 shares of the oil and gas producer’s stock worth $1,304,000 after acquiring an additional 2,888 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Kosmos Energy by 15.9% during the 1st quarter. Principal Financial Group Inc. now owns 61,338 shares of the oil and gas producer’s stock valued at $366,000 after acquiring an additional 8,431 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.