Benchmark Reaffirms “Buy” Rating for Kosmos Energy (NYSE:KOS)

Benchmark restated their buy rating on shares of Kosmos Energy (NYSE:KOS) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $8.00 price target on the oil and gas producer’s stock.

Several other analysts have also issued reports on KOS. Mizuho initiated coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein cut their target price on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kosmos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Kosmos Energy Price Performance

KOS opened at $4.24 on Wednesday. Kosmos Energy has a fifty-two week low of $3.69 and a fifty-two week high of $7.68. The firm has a 50-day moving average of $4.43 and a 200 day moving average of $5.26. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.73. The firm has a market cap of $2.00 billion, a P/E ratio of 9.24, a PEG ratio of 0.54 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last issued its quarterly 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 company had revenue of $450.94 million for the quarter. Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. On average, research analysts expect that Kosmos Energy will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Kosmos Energy during the 2nd quarter worth approximately $26,000. CWM LLC increased its holdings 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 worth $36,000 after purchasing an additional 2,969 shares during the period. InTrack Investment Management Inc purchased a new stake in shares of Kosmos Energy in the third quarter worth $44,000. Covestor Ltd boosted its stake in 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 valued at $48,000 after buying an additional 8,133 shares during the period. Finally, Naviter Wealth LLC purchased a new position in Kosmos Energy during the third quarter worth about $48,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.