Kosmos Energy Ltd (KOS) Raised to Hold at Zacks Investment Research
According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “
A number of other analysts also recently weighed in on the stock. Royal Bank of Canada reiterated a buy rating and issued a $10.00 price target (up from $9.00) on shares of Kosmos Energy in a research report on Thursday, March 9th. Capital One Financial Corp. reiterated an overweight rating on shares of Kosmos Energy in a research report on Monday, January 30th. Finally, Citigroup Inc upgraded shares of Kosmos Energy from a neutral rating to a buy rating in a research report on Tuesday, December 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $8.80.
Kosmos Energy (NYSE:KOS) traded down 0.34% during mid-day trading on Wednesday, reaching $5.83. 347,458 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $6.13 and a 200-day moving average price of $5.99. The stock’s market cap is $2.25 billion. Kosmos Energy has a 1-year low of $4.39 and a 1-year high of $7.39.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, February 27th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $210.90 million for the quarter, compared to the consensus estimate of $192.08 million. Kosmos Energy had a negative net margin of 68.54% and a negative return on equity of 6.30%. Kosmos Energy’s revenue for the quarter was up 73.0% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Equities research analysts anticipate that Kosmos Energy will post ($0.29) EPS for the current fiscal year.
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In other Kosmos Energy news, major shareholder Holdings L.P. Blackstone III sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $6.58, for a total transaction of $88,830,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pincus & Co. Warburg sold 48,902,874 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $6.65, for a total transaction of $325,204,112.10. The disclosure for this sale can be found here. Company insiders own 3.74% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $105,000. Wells Fargo & Company MN increased its stake in shares of Kosmos Energy by 26.3% in the third quarter. Wells Fargo & Company MN now owns 20,726 shares of the company’s stock valued at $133,000 after buying an additional 4,311 shares during the period. Princeton Alpha Management LP bought a new stake in shares of Kosmos Energy during the third quarter valued at approximately $143,000. Teza Capital Management LLC bought a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $155,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $189,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is a holding company. The Company is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The Company operates in the exploration and production of oil and natural gas segment. The Company’s assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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