Kosmos Energy (NYSE:KOS) Price Target Lowered to $7.00 at Bank of America

Kosmos Energy (NYSE:KOS) had its price objective trimmed by Bank of America from $8.15 to $7.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Several other equities analysts have also commented on KOS. Sanford C. Bernstein dropped their target price on Kosmos Energy from $7.00 to $5.00 and set a market perform rating on the stock in a report on Wednesday, July 17th. Benchmark reissued a buy rating and set a $8.00 target price on shares of Kosmos Energy in a research report on Tuesday, August 6th. Finally, Mizuho assumed coverage on Kosmos Energy in a research note on Thursday, September 19th. They set a neutral rating and a $5.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $7.47.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $3.96 on Wednesday. The business has a 50-day simple moving average of $4.67 and a 200-day simple moving average of $5.41. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.73. Kosmos Energy has a one year low of $3.69 and a one year high of $8.28. The company has a market cap of $1.87 billion, a PE ratio of 8.61, a P/E/G ratio of 1.33 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The firm had revenue of $450.94 million for the quarter. On average, equities research analysts forecast that Kosmos Energy will post 0.18 EPS for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Kosmos Energy during the 2nd quarter worth approximately $26,000. CWM LLC boosted 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 valued at $36,000 after acquiring an additional 2,969 shares during the period. TFO Wealth Partners LLC grew its position in shares of Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 5,712 shares during the last quarter. Covestor Ltd increased its holdings in shares of Kosmos Energy by 35,360.9% in the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in Kosmos Energy during the 1st quarter worth $60,000. 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.