Kosmos Energy Ltd. (NYSE:KOS) Receives $5.50 Consensus Target Price from Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.52.

A number of brokerages have recently weighed in on KOS. Benchmark dropped their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. 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. Finally, Bank of America reduced their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in KOS. Hsbc Holdings PLC lifted its holdings in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 2,055 shares during the period. Fruth Investment Management boosted its position in Kosmos Energy by 10.2% in the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,500 shares in the last quarter. CWM LLC grew its stake in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares during the period. nVerses Capital LLC increased its holdings in shares of Kosmos Energy by 13.6% during the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Kosmos Energy by 27.1% in the 1st quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock valued at $118,000 after purchasing an additional 4,213 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Up 2.3 %

Kosmos Energy stock opened at $3.08 on Tuesday. Kosmos Energy has a 1-year low of $2.62 and a 1-year high of $7.07. The business has a fifty day moving average price of $3.74 and a 200-day moving average price of $4.51. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.48 and a beta of 2.41.

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.