Kosmos Energy Ltd. (NYSE:KOS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given an average recommendation of “Moderate Buy” by the four research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.75.

A number of research firms have issued reports on KOS. Bank of America decreased their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Mizuho assumed coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Benchmark cut their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Monday.

Kosmos Energy Trading Up 1.8 %

Shares of KOS stock opened at $3.90 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a market cap of $1.84 billion, a P/E ratio of 8.86, a PEG ratio of 0.51 and a beta of 2.42. The company has a 50 day moving average of $4.04 and a 200-day moving average of $4.84. Kosmos Energy has a 12-month low of $3.49 and a 12-month high of $7.07.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 4,640 shares during the period. Synovus Financial Corp bought a new position in Kosmos Energy in the 3rd quarter valued at $92,000. Toronto Dominion Bank grew its position in shares of Kosmos Energy by 28.0% during the 3rd quarter. Toronto Dominion Bank now owns 517,381 shares of the oil and gas producer’s stock valued at $2,085,000 after purchasing an additional 113,088 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kosmos Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock worth $42,650,000 after buying an additional 68,339 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Kosmos Energy by 46.5% in the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after buying an additional 962,057 shares in 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.