Benchmark Issues Pessimistic Forecast for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price objective decreased by equities researchers at Benchmark from $8.00 to $7.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Benchmark’s price objective indicates a potential upside of 93.37% from the company’s current price.

Several other brokerages have also recently issued reports on KOS. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Bank of America lowered their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Finally, Mizuho assumed coverage on Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.80.

Kosmos Energy Price Performance

KOS stock opened at $3.62 on Tuesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth 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. Kosmos Energy has a 52-week low of $3.55 and a 52-week high of $7.55. The business has a fifty day moving average of $4.21 and a two-hundred day moving average of $5.07.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data 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 return on equity of 40.16% and a net margin of 13.56%. The company had revenue of $450.94 million for the quarter. As a group, research analysts anticipate that Kosmos Energy will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently modified their holdings of KOS. Versor Investments LP purchased a new stake in Kosmos Energy during the third quarter worth $516,000. State of New Jersey Common Pension Fund D grew its stake in Kosmos Energy by 23.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 403,166 shares of the oil and gas producer’s stock valued at $1,625,000 after acquiring an additional 75,834 shares during the last quarter. Sheets Smith Wealth Management grew its stake in Kosmos Energy by 64.1% in the 3rd quarter. Sheets Smith Wealth Management now owns 64,735 shares of the oil and gas producer’s stock valued at $261,000 after acquiring an additional 25,290 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Kosmos Energy by 137.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock valued at $1,976,000 after acquiring an additional 283,624 shares in the last quarter. Finally, M&G PLC raised its position in Kosmos Energy by 20.0% during the third quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock worth $23,647,000 after acquiring an additional 983,623 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.