Kosmos Energy (NYSE:KOS) Shares Down 5.2% After Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS)’s share price was down 5.2% during mid-day trading on Wednesday after Bank of America lowered their price target on the stock from $8.15 to $7.00. Bank of America currently has a buy rating on the stock. Kosmos Energy traded as low as $3.99 and last traded at $3.99. Approximately 3,976,678 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 6,574,800 shares. The stock had previously closed at $4.21.

Several other equities research analysts have also recently weighed in on KOS. Benchmark reiterated a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, August 6th. Sanford C. Bernstein decreased their price target on 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, Mizuho started coverage on Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.47.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Kosmos Energy by 28.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer’s stock worth $19,853,000 after buying an additional 729,148 shares in the last quarter. Patient Capital Management LLC boosted its stake in Kosmos Energy by 19.7% in the fourth quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer’s stock worth $42,699,000 after buying an additional 1,046,091 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock worth $77,328,000 after buying an additional 258,460 shares in the last quarter. Mission Wealth Management LP purchased a new stake in Kosmos Energy in the first quarter worth approximately $1,733,000. Finally, M&G Plc purchased a new stake in shares of Kosmos Energy during the first quarter valued at approximately $20,800,000. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Stock Performance

The stock has a market cap of $1.87 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.33 and a beta of 2.42. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The business has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $5.44.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $450.94 million for the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.18 EPS for the current fiscal year.

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.