Kosmos Energy (NYSE:KOS) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other brokerages also recently issued reports on KOS. Bank of America lowered their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday. Mizuho assumed coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target for the company. Finally, Benchmark lowered their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $6.60.

Kosmos Energy Price Performance

NYSE KOS traded down $0.07 on Tuesday, hitting $3.55. 2,277,294 shares of the company’s stock were exchanged, compared to its average volume of 6,818,585. The stock has a 50-day moving average of $4.14 and a 200-day moving average of $5.04. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27. Kosmos Energy has a 52 week low of $3.54 and a 52 week high of $7.20. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 0.45 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a return on equity of 31.91% and a net margin of 12.21%. The business had revenue of $450.94 million for the quarter. Analysts expect that Kosmos Energy will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. increased its stake in Kosmos Energy by 7.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after buying an additional 1,933,216 shares during the last quarter. American Century Companies Inc. increased its stake in Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after buying an additional 3,636,663 shares during the last quarter. William Blair Investment Management LLC increased its stake in Kosmos Energy by 13.5% in the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after buying an additional 1,624,495 shares during the last quarter. Vanguard Group Inc. increased its stake in Kosmos Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after buying an additional 258,460 shares during the last quarter. Finally, Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 29.4% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after buying an additional 1,863,966 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

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.