Kosmos Energy (NYSE:KOS) Upgraded to “Hold” at StockNews.com

Kosmos Energy (NYSE:KOS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently issued reports on KOS. Mizuho assumed coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price for the company. Sanford C. Bernstein decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Bank of America decreased their target price 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. Finally, Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Three equities research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.60.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $4.11 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The company has a market cap of $1.94 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 0.26 and a beta of 2.42. The business has a 50 day moving average price of $4.07 and a 200-day moving average price of $4.97. Kosmos Energy has a 52 week low of $3.49 and a 52 week high of $7.20.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Kosmos Energy by 28.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer’s stock valued at $19,853,000 after purchasing an additional 729,148 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new position in shares of Kosmos Energy during the 3rd quarter worth approximately $2,443,000. Vanguard Group Inc. grew its holdings in shares of Kosmos Energy by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock worth $77,328,000 after acquiring an additional 258,460 shares during the period. Woodmont Investment Counsel LLC grew its holdings in shares of Kosmos Energy by 137.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after acquiring an additional 283,624 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Kosmos Energy by 34.9% during the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after acquiring an additional 606,195 shares during the period. Institutional investors own 95.33% of the company’s stock.

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.