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

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Monday after Mizuho lowered their price target on the stock from $5.00 to $4.00. The stock had previously closed at $3.01, but opened at $2.93. Mizuho currently has a neutral rating on the stock. Kosmos Energy shares last traded at $2.88, with a volume of 2,382,805 shares trading hands.

Several other equities research analysts also recently commented on KOS. Benchmark decreased their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Bank of America dropped their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. CWM LLC boosted its position in 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 purchasing an additional 2,969 shares during the last quarter. SG Americas Securities LLC raised its position in Kosmos Energy by 46.2% in the second quarter. SG Americas Securities LLC now owns 59,416 shares of the oil and gas producer’s stock worth $329,000 after acquiring an additional 18,768 shares during the period. Raymond James & Associates purchased a new position in Kosmos Energy in the second quarter valued at about $1,461,000. Bank of New York Mellon Corp grew its position in shares of Kosmos Energy by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,430,043 shares of the oil and gas producer’s stock valued at $13,462,000 after acquiring an additional 237,488 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kosmos Energy by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,360 shares of the oil and gas producer’s stock worth $650,000 after purchasing an additional 11,658 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Trading Up 18.8 %

The firm has a 50 day moving average of $3.87 and a 200 day moving average of $4.61. The firm has a market cap of $1.52 billion, a PE ratio of 7.34, a P/E/G ratio of 0.48 and a beta of 2.41. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

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.