Kosmos Energy Ltd. (NYSE:KOS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.93.

A number of brokerages have issued reports on KOS. Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. Benchmark restated a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho lowered their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group cut their price target on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a report on Monday, May 19th.

Insider Buying and Selling

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director now directly owns 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.99% of the stock is owned by company insiders.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in 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. American Century Companies Inc. grew its stake in shares of Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after buying an additional 2,997,438 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Kosmos Energy by 9.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock worth $58,202,000 after buying an additional 2,110,306 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after buying an additional 4,114,499 shares during the period. Finally, Patient Capital Management LLC boosted its holdings in Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after acquiring an additional 7,707,707 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS opened at $1.98 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy has a 52-week low of $1.39 and a 52-week high of $5.97. The company has a 50-day simple moving average of $1.72 and a 200-day simple moving average of $2.62. The company has a market capitalization of $944.07 million, a PE ratio of 4.49, a P/E/G ratio of 5.24 and a beta of 1.44.

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 for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The firm had revenue of $290.43 million during the quarter, compared to analysts’ expectations of $338.23 million. Equities research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

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.