Sanford C. Bernstein Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS - Free Report) had its price target cut by Sanford C. Bernstein from $5.00 to $4.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a market perform rating on the oil and gas producer's stock.

Other analysts have also issued reports about the stock. Bank of America cut their target price on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Benchmark dropped their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Mizuho started coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.60.

Kosmos Energy Stock Performance

NYSE KOS traded up $0.09 during trading hours on Tuesday, hitting $3.72. 9,497,537 shares of the company's stock traded hands, compared to its average volume of 6,811,708. The business's fifty day moving average price is $4.21 and its two-hundred day moving average price is $5.07. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $1.75 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.46 and a beta of 2.42. Kosmos Energy has a 52 week low of $3.55 and a 52 week high of $7.55.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its 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 business 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%. Equities research analysts predict that Kosmos Energy will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its stake in Kosmos Energy by 4.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer's stock valued at $145,769,000 after purchasing an additional 1,166,726 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer's stock valued at $137,470,000 after acquiring an additional 3,636,663 shares during the period. William Blair Investment Management LLC raised its stake in shares of Kosmos Energy by 13.5% in the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer's stock valued at $75,460,000 after acquiring an additional 1,624,495 shares during the period. Vanguard Group Inc. increased its stake in Kosmos Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer's stock worth $77,328,000 after buying an additional 258,460 shares during the period. Finally, Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 29.4% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer's stock worth $33,060,000 after buying an additional 1,863,966 shares during the period. Hedge funds and other institutional investors 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.