Kosmos Energy (NYSE:KOS) Price Target Cut to $7.00 by Analysts at Benchmark

Kosmos Energy (NYSE:KOS) had its target price decreased by Benchmark from $8.00 to $7.00 in a research note released on Tuesday morning, Benzinga reports. Benchmark currently has a buy rating on the oil and gas producer’s stock.

KOS has been the subject of several other reports. Bank of America lowered their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Mizuho initiated coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. 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 on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.60.

Kosmos Energy Stock Performance

NYSE KOS opened at $3.72 on Tuesday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.46 and a beta of 2.42. Kosmos Energy has a twelve month low of $3.55 and a twelve month high of $7.55. The stock has a fifty day simple moving average of $4.19 and a 200 day simple moving average of $5.05. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $450.94 million for the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Sell-side analysts expect that Kosmos Energy will post 0.46 EPS for the current year.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in Kosmos Energy during the 2nd quarter valued at $26,000. CWM LLC lifted its position in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares in the last quarter. Covestor Ltd boosted its stake 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 worth $48,000 after buying an additional 8,133 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Kosmos Energy by 39,777.8% in the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 10,740 shares in the last quarter. Finally, InTrack Investment Management Inc bought a new stake in Kosmos Energy during the third quarter worth $44,000. 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.