Kosmos Energy (NYSE:KOS) Given New $4.00 Price Target at Sanford C. Bernstein

Kosmos Energy (NYSE:KOS) had its price target trimmed by Sanford C. Bernstein from $5.00 to $4.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the oil and gas producer’s stock.

KOS has been the topic of a number of other reports. Bank of America reduced their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark dropped their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Mizuho began coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.60.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $3.72 on Tuesday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.46 and a beta of 2.42. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. The stock’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $5.05. Kosmos Energy has a 52 week low of $3.55 and a 52 week high of $7.55.

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

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Kosmos Energy by 61.5% in the first quarter. Commonwealth Equity Services LLC now owns 106,986 shares of the oil and gas producer’s stock worth $638,000 after buying an additional 40,722 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Kosmos Energy in the first quarter worth $357,000. Russell Investments Group Ltd. lifted its position in shares of Kosmos Energy by 12.4% during the first quarter. Russell Investments Group Ltd. now owns 5,635,980 shares of the oil and gas producer’s stock worth $33,590,000 after purchasing an additional 620,878 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Kosmos Energy by 8.5% during the first quarter. ProShare Advisors LLC now owns 82,076 shares of the oil and gas producer’s stock valued at $489,000 after purchasing an additional 6,459 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Kosmos Energy by 28.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer’s stock worth $19,853,000 after purchasing an additional 729,148 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.