Kosmos Energy (NYSE:KOS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Several other research firms have also commented on KOS. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Bank of America decreased 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. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Benchmark decreased their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.60.

Kosmos Energy Trading Up 2.6 %

KOS opened at $3.72 on Tuesday. 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 fifty-two week low of $3.55 and a fifty-two week high of $7.55. The firm has a market capitalization of $1.75 billion, a PE ratio of 7.01, a P/E/G ratio of 0.46 and a beta of 2.42. The company’s 50-day moving average is $4.19 and its 200 day moving average is $5.05.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in shares of Kosmos Energy by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 118,209 shares of the oil and gas producer’s stock valued at $476,000 after acquiring an additional 9,753 shares during the period. Versor Investments LP bought a new position in Kosmos Energy in the 3rd quarter worth approximately $516,000. State of New Jersey Common Pension Fund D boosted its holdings 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 worth $1,625,000 after buying an additional 75,834 shares during the period. Sheets Smith Wealth Management boosted its holdings 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 worth $261,000 after buying an additional 25,290 shares during the period. Finally, Woodmont Investment Counsel LLC boosted its holdings in Kosmos Energy by 137.1% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after buying an additional 283,624 shares during the period. 95.33% of the stock is owned by 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.