Kosmos Energy (NYSE:KOS) Price Target Cut to $7.00

Kosmos Energy (NYSE:KOS) had its target price cut by Bank of America from $8.15 to $7.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Bank of America‘s price target would indicate a potential upside of 71.15% from the stock’s previous close.

Several other brokerages have also recently issued reports on KOS. Mizuho started coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Sanford C. Bernstein lowered their target price on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.47.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock traded down $0.12 during midday trading on Wednesday, hitting $4.09. The company had a trading volume of 1,648,257 shares, compared to its average volume of 6,562,214. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. Kosmos Energy has a 12-month low of $3.75 and a 12-month high of $8.28. The company has a fifty day simple moving average of $4.78 and a 200 day simple moving average of $5.44. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.33 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results 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). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The company had revenue of $450.94 million during the quarter. As a group, analysts predict that Kosmos Energy will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KOS. Jump Financial LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at $76,000. Principal Financial Group Inc. increased its position in Kosmos Energy by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 52,907 shares of the oil and gas producer’s stock worth $355,000 after purchasing an additional 5,130 shares during the last quarter. US Bancorp DE increased its position in Kosmos Energy by 14,053.0% in the 4th quarter. US Bancorp DE now owns 472,287 shares of the oil and gas producer’s stock worth $3,169,000 after purchasing an additional 468,950 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Kosmos Energy by 70.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 74,600 shares of the oil and gas producer’s stock valued at $505,000 after acquiring an additional 30,835 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in shares of Kosmos Energy by 7,051.9% during the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 5,712 shares during 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.