Kosmos Energy (NYSE:KOS) Price Target Cut to $7.00 by Analysts at Benchmark

Kosmos Energy (NYSE:KOS) had its price objective lowered by Benchmark from $8.00 to $7.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the oil and gas producer’s stock.

KOS has been the subject of several other research reports. Bank of America reduced 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. Mizuho assumed coverage on Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein dropped their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.60.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $3.62 on Tuesday. The business’s fifty day moving average price is $4.12 and its 200 day moving average price is $5.02. The firm has a market capitalization of $1.71 billion, a PE ratio of 8.23, a P/E/G ratio of 0.26 and a beta of 2.42. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.50. Kosmos Energy has a 1-year low of $3.49 and a 1-year high of $7.20.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of Kosmos Energy during the second quarter valued at $26,000. CWM LLC boosted 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 last quarter. Covestor Ltd grew its holdings in shares of Kosmos Energy by 35,360.9% during the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 8,133 shares in the last quarter. Signaturefd LLC raised its position in shares of Kosmos Energy by 39,777.8% in the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after buying an additional 10,740 shares during the last quarter. Finally, InTrack Investment Management Inc purchased a new stake in Kosmos Energy in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds 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.