Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $5.52

Kosmos Energy Ltd. (NYSE:KOS) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.27.

Several equities research analysts have issued reports on KOS shares. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. The Goldman Sachs Group dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Mizuho dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th.

Kosmos Energy Trading Down 4.1 %

NYSE KOS opened at $2.22 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of 5.03, a PEG ratio of 5.24 and a beta of 2.31. The company’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $3.47. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy has a 52 week low of $2.07 and a 52 week high of $6.58.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The firm had revenue of $397.66 million during the quarter, compared to analysts’ expectations of $387.60 million. Equities research analysts predict that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 10,354 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $32,304.48. Following the transaction, the chief accounting officer now owns 299,498 shares of the company’s stock, valued at $934,433.76. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the transaction, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds have recently added to or reduced their stakes in KOS. Encompass Capital Advisors LLC acquired a new stake in shares of Kosmos Energy in the 4th quarter worth about $35,723,000. Patient Capital Management LLC grew its position in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after purchasing an additional 7,707,707 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares during the period. William Blair Investment Management LLC raised its holdings in shares of Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after buying an additional 4,114,499 shares during the last quarter. Finally, Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after buying an additional 3,218,394 shares during the period. 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.