Kosmos Energy (NYSE:KOS) Shares Gap Down After Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) gapped down prior to trading on Monday after Mizuho lowered their price target on the stock from $5.00 to $4.00. The stock had previously closed at $3.01, but opened at $2.93. Mizuho currently has a neutral rating on the stock. Kosmos Energy shares last traded at $2.88, with a volume of 2,382,805 shares changing hands.

A number of other research analysts also recently weighed in on KOS. StockNews.com upgraded Kosmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Benchmark cut their target price on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Bank of America decreased their target price 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. Finally, Sanford C. Bernstein cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.50.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently modified their holdings of the business. Rothschild Investment LLC bought a new stake in Kosmos Energy in the 2nd quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kosmos Energy in the 3rd quarter valued at about $28,000. CWM LLC raised its stake in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 2,969 shares during the period. Signaturefd LLC lifted 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 purchasing an additional 10,740 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of Kosmos Energy during the third quarter worth about $43,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Kosmos Energy Stock Performance

The stock has a fifty day moving average of $3.87 and a 200-day moving average of $4.61. The firm has a market capitalization of $1.28 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.48 and a beta of 2.41. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

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.