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

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) gapped down before the market opened on Thursday after Bank of America lowered their price target on the stock from $8.15 to $7.00. The stock had previously closed at $3.95, but opened at $3.85. Bank of America currently has a buy rating on the stock. Kosmos Energy shares last traded at $3.85, with a volume of 1,672,713 shares traded.

A number of other research firms have also recently commented on KOS. Benchmark reiterated a "buy" rating and issued a $8.00 price target on shares of Kosmos Energy in a research note on Tuesday, August 6th. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Wednesday, July 17th. Finally, Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a "neutral" rating and a $5.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.47.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at $76,000. Principal Financial Group Inc. lifted its holdings in shares of Kosmos Energy by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 52,907 shares of the oil and gas producer's stock valued at $355,000 after buying an additional 5,130 shares during the period. US Bancorp DE boosted its stake in shares of Kosmos Energy by 14,053.0% in the fourth quarter. US Bancorp DE now owns 472,287 shares of the oil and gas producer's stock worth $3,169,000 after buying an additional 468,950 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Kosmos Energy by 70.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 74,600 shares of the oil and gas producer's stock worth $505,000 after acquiring an additional 30,835 shares during the period. Finally, TFO Wealth Partners LLC raised its position in 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 valued at $39,000 after acquiring an additional 5,712 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Price Performance

The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The stock has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $5.43. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.33 and a beta of 2.42.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted 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). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The firm had revenue of $450.94 million during the quarter. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.18 EPS for the current year.

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.