Jefferies Financial Group Reiterates “Buy” Rating for Kosmos Energy (NYSE:KOS)

Kosmos Energy (NYSE:KOS)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $5.60 price target on the oil and gas producer’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 81.23% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Bank of America lowered their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.52.

Kosmos Energy Stock Performance

Shares of NYSE:KOS opened at $3.09 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. Kosmos Energy has a 1 year low of $2.62 and a 1 year high of $7.07. The firm has a market capitalization of $1.46 billion, a PE ratio of 7.02, a P/E/G ratio of 0.48 and a beta of 2.41. The business’s 50 day moving average price is $3.82 and its 200-day moving average price is $4.58.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new stake in Kosmos Energy in the second quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kosmos Energy in the 3rd quarter valued at about $28,000. CWM LLC lifted its position in 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 buying an additional 2,969 shares during the last quarter. Signaturefd LLC lifted its position in 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 buying an additional 10,740 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in Kosmos Energy during the third quarter worth about $43,000. 95.33% of the stock is currently 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.