Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have received an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.50.

Separately, Renaissance Capital raised Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 7th.

Kosmos Energy stock traded down $0.09 on Monday, hitting $1.25. 227,527 shares of the stock traded hands, compared to its average volume of 9,820,496. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 4.64. The firm has a market cap of $539.20 million, a P/E ratio of -1.24 and a beta of 3.41. The business’s fifty day simple moving average is $1.13 and its 200 day simple moving average is $1.50. Kosmos Energy has a 1 year low of $0.50 and a 1 year high of $7.55.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.08. The business had revenue of $127.31 million during the quarter, compared to analyst estimates of $162.80 million. Kosmos Energy had a negative return on equity of 25.63% and a negative net margin of 35.81%. As a group, analysts predict that Kosmos Energy will post -0.59 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY purchased a new position in shares of Kosmos Energy in the 1st quarter worth about $54,000. Prudential Financial Inc. purchased a new position in shares of Kosmos Energy in the 2nd quarter worth about $40,000. JustInvest LLC purchased a new position in shares of Kosmos Energy in the 2nd quarter worth about $44,000. Ameritas Investment Partners Inc. purchased a new position in shares of Kosmos Energy in the 2nd quarter worth about $59,000. Finally, Paloma Partners Management Co purchased a new position in shares of Kosmos Energy in the 1st quarter worth about $33,000. 83.14% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. The company's primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal.

Further Reading: Recession

Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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