The Goldman Sachs Group Lowers Kosmos Energy (NYSE:KOS) Price Target to $3.00

Kosmos Energy (NYSE:KOS) had its target price reduced by equities researchers at The Goldman Sachs Group from $3.50 to $3.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 77.51% from the company’s current price.

Several other equities analysts have also recently issued reports on KOS. StockNews.com upgraded Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. Mizuho dropped their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Hold” and an average target price of $4.93.

Kosmos Energy Stock Down 2.3%

Shares of NYSE KOS opened at $1.69 on Monday. The company has a market capitalization of $807.84 million, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The business has a 50-day moving average of $1.87 and a two-hundred day moving average of $2.83. Kosmos Energy has a 1 year low of $1.39 and a 1 year high of $6.33.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. On average, analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of KOS. Vident Advisory LLC purchased a new stake in Kosmos Energy in the 1st quarter valued at approximately $30,000. VSM Wealth Advisory LLC purchased a new stake in Kosmos Energy in the 4th quarter valued at approximately $34,000. Disciplined Investors L.L.C. purchased a new position in shares of Kosmos Energy during the 4th quarter worth $36,000. Sapient Capital LLC purchased a new position in shares of Kosmos Energy during the 4th quarter worth $37,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy during the 4th quarter worth $45,000. Hedge funds and other institutional investors 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.