StockNews.com Downgrades Kosmos Energy (NYSE:KOS) to Sell

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

KOS has been the subject of a number of other reports. Mizuho began 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. 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. 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.60.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $3.62 on Tuesday. Kosmos Energy has a 52-week low of $3.49 and a 52-week high of $7.20. The firm has a fifty day moving average of $4.12 and a 200-day moving average of $5.02. The firm has a market capitalization of $1.71 billion, a P/E ratio of 8.23, a PEG ratio of 0.26 and a beta of 2.42. The company has a quick ratio of 0.50, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in Kosmos Energy during the 2nd quarter valued at $26,000. CWM LLC lifted its position in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares during the last quarter. Signaturefd LLC lifted its position in shares of Kosmos Energy by 39,777.8% in the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after buying an additional 10,740 shares during the last quarter. InTrack Investment Management Inc bought a new position in shares of Kosmos Energy in the 3rd quarter worth about $44,000. Finally, Covestor Ltd lifted its position in shares of Kosmos Energy by 35,360.9% in the 1st 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 during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Company Profile

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.