Kosmos Energy (NYSE:KOS) Price Target Cut to $7.00

Kosmos Energy (NYSE:KOS - Free Report) had its target price lowered by Bank of America from $8.15 to $7.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the oil and gas producer's stock.

KOS has been the subject of several other reports. Benchmark reaffirmed a buy rating and issued a $8.00 target price on shares of Kosmos Energy in a research note on Tuesday, August 6th. Mizuho assumed coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a neutral rating and a $5.00 price objective for the company. Finally, Sanford C. Bernstein dropped their target price on Kosmos Energy from $7.00 to $5.00 and set a market perform rating for the company in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $7.47.

Kosmos Energy Price Performance

Shares of NYSE KOS traded down $0.26 during trading on Wednesday, reaching $3.95. The company had a trading volume of 11,252,579 shares, compared to its average volume of 6,614,127. 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 stock has a market capitalization of $1.86 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.33 and a beta of 2.42. Kosmos Energy has a twelve month low of $3.75 and a twelve month high of $8.28. The stock has a 50-day moving average price of $4.78 and a two-hundred day moving average price of $5.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts predict that Kosmos Energy will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Kosmos Energy by 28.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer's stock worth $19,853,000 after purchasing an additional 729,148 shares during the period. Patient Capital Management LLC increased its position in shares of Kosmos Energy by 19.7% in the fourth quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer's stock worth $42,699,000 after acquiring an additional 1,046,091 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kosmos Energy by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer's stock valued at $77,328,000 after acquiring an additional 258,460 shares in the last quarter. Mission Wealth Management LP acquired a new position in shares of Kosmos Energy during the 1st quarter valued at $1,733,000. Finally, M&G Plc purchased a new stake in Kosmos Energy during the 1st quarter worth $20,800,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.