Kosmos Energy (NYSE:KOS) Given New $7.00 Price Target at Benchmark

Kosmos Energy (NYSE:KOS - Get Free Report) had its price target dropped by investment analysts at Benchmark from $8.00 to $7.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas producer's stock. Benchmark's target price would suggest a potential upside of 88.68% from the company's previous close.

A number of other analysts also recently commented on KOS. Sanford C. Bernstein lowered their target price on Kosmos Energy from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 17th. Bank of America decreased their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Finally, Mizuho started coverage on Kosmos Energy in a report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 target price for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $6.60.

Kosmos Energy Trading Up 2.5 %

NYSE:KOS traded up $0.09 during midday trading on Tuesday, hitting $3.71. The stock had a trading volume of 9,497,205 shares, compared to its average volume of 6,811,708. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.46 and a beta of 2.42. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. Kosmos Energy has a one year low of $3.55 and a one year high of $7.55. The stock has a 50-day moving average of $4.21 and a 200 day moving average of $5.07.

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 for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. As a group, sell-side analysts forecast that Kosmos Energy will post 0.46 EPS for the current year.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Kosmos Energy by 4.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer's stock worth $145,769,000 after purchasing an additional 1,166,726 shares during the period. American Century Companies Inc. increased its holdings in Kosmos Energy by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer's stock worth $137,470,000 after purchasing an additional 3,636,663 shares during the last quarter. William Blair Investment Management LLC raised its holdings in 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of Kosmos Energy by 2.0% during the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer's stock worth $77,328,000 after purchasing an additional 258,460 shares during the last quarter. Finally, Equinox Partners Investment Management LLC grew its position in shares of 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 acquiring an additional 1,863,966 shares in the last quarter. 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.