Benchmark Cuts Kosmos Energy (NYSE:KOS) Price Target to $7.00

Kosmos Energy (NYSE:KOS) had its target price reduced by Benchmark from $8.00 to $7.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

A number of other equities analysts have also weighed in on KOS. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Mizuho assumed coverage on Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target for the company. Finally, Bank of America decreased their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.60.

Kosmos Energy Stock Performance

NYSE:KOS traded down $0.01 during midday trading on Tuesday, hitting $3.61. The company’s stock had a trading volume of 453,163 shares, compared to its average volume of 6,810,180. Kosmos Energy has a fifty-two week low of $3.55 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The firm has a market cap of $1.70 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.45 and a beta of 2.42. The firm’s 50 day moving average is $4.14 and its 200-day moving average is $5.04.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $450.94 million for the quarter. Kosmos Energy had a return on equity of 31.91% and a net margin of 12.21%. Equities analysts anticipate that Kosmos Energy will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new position in shares of Kosmos Energy during the 2nd quarter worth approximately $26,000. CWM LLC grew its position 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 valued at $36,000 after purchasing an additional 2,969 shares during the period. Covestor Ltd increased its stake in shares of Kosmos Energy by 35,360.9% during the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 8,133 shares in the last quarter. Signaturefd LLC raised its position in shares of Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares during the last quarter. Finally, InTrack Investment Management Inc purchased a new position in Kosmos Energy in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.