Kosmos Energy (NYSE:KOS) Rating Reiterated by Benchmark

Kosmos Energy (NYSE:KOS)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a report released on Wednesday, Benzinga reports. They presently have a $8.00 price objective on the oil and gas producer’s stock. Benchmark’s price objective points to a potential upside of 91.39% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho initiated coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Sanford C. Bernstein reduced their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Bank of America dropped their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Kosmos Energy Trading Up 5.0 %

Shares of KOS traded up $0.20 during trading on Wednesday, reaching $4.18. 1,663,670 shares of the company traded hands, compared to its average volume of 6,710,025. Kosmos Energy has a twelve month low of $3.69 and a twelve month high of $7.80. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. The stock has a 50-day simple moving average of $4.45 and a 200-day simple moving average of $5.27. The stock has a market cap of $1.97 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.54 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last released 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%. On average, analysts anticipate that Kosmos Energy will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new stake in shares of Kosmos Energy during the 2nd quarter worth $26,000. CWM LLC grew its position in Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares during the period. InTrack Investment Management Inc acquired a new stake in shares of Kosmos Energy in the 3rd quarter worth approximately $44,000. Covestor Ltd increased its holdings in Kosmos Energy by 35,360.9% during the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new stake in Kosmos Energy in the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.