Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $7.00

Kosmos Energy Ltd. (NYSE:KOS) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.00.

KOS has been the subject of a number of analyst reports. Mizuho began coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Bank of America lowered their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Kosmos Energy in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein lowered their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently modified their holdings of KOS. Rothschild Investment LLC purchased a new stake in shares of Kosmos Energy in the second quarter worth about $26,000. CWM LLC lifted its stake in shares of Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 2,969 shares in the last quarter. Signaturefd LLC lifted its stake 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 worth $43,000 after acquiring an additional 10,740 shares in the last quarter. InTrack Investment Management Inc acquired a new position in shares of Kosmos Energy in the third quarter worth about $44,000. Finally, Covestor Ltd lifted its stake in shares of Kosmos Energy by 35,360.9% in the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 8,133 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

NYSE KOS opened at $3.83 on Monday. Kosmos Energy has a fifty-two week low of $3.69 and a fifty-two week high of $7.68. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.51 and a beta of 2.41. The business has a fifty day moving average of $4.30 and a 200-day moving average of $5.14. 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 (NYSE:KOS) last released its quarterly earnings results 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). 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 0.46 earnings per share 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.