Kosmos Energy (KOS) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Kosmos Energy (NYSE:KOS) from a buy rating to a hold rating in a research report report published on Friday, Zacks.com reports.

According to Zacks, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda. “

Other research analysts also recently issued reports about the stock. Barclays restated a buy rating and set a $9.50 target price on shares of Kosmos Energy in a research report on Friday, April 5th. ValuEngine upgraded shares of Kosmos Energy from a hold rating to a buy rating in a research report on Monday, April 1st. Societe Generale set a $8.00 target price on shares of Kosmos Energy and gave the company a buy rating in a research report on Tuesday, February 26th. Berenberg Bank set a $12.00 target price on shares of Kosmos Energy and gave the company a buy rating in a research report on Tuesday, February 26th. Finally, TheStreet upgraded shares of Kosmos Energy from a d rating to a c- rating in a research report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $8.88.

NYSE KOS opened at $6.57 on Friday. The firm has a market cap of $2.60 billion, a P/E ratio of -13.98 and a beta of 2.20. Kosmos Energy has a 1 year low of $3.53 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.17 and a quick ratio of 1.11.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, May 6th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $296.80 million during the quarter, compared to the consensus estimate of $283.07 million. Kosmos Energy had a negative net margin of 9.02% and a negative return on equity of 21.59%. The firm’s quarterly revenue was up 133.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts predict that Kosmos Energy will post 0.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th will be issued a $0.0452 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.18 dividend on an annualized basis and a yield of 2.75%. Kosmos Energy’s payout ratio is -38.30%.

In other Kosmos Energy news, Director Pincus & Co. Warburg sold 81,504,790 shares of Kosmos Energy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $6.51, for a total value of $530,596,182.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Iv Gp L.L.C. Bcp sold 22,500,000 shares of Kosmos Energy stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $6.51, for a total transaction of $146,475,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Raymond James Trust N.A. purchased a new stake in shares of Kosmos Energy during the fourth quarter worth about $41,000. Intrust Bank NA purchased a new stake in shares of Kosmos Energy during the fourth quarter worth about $41,000. AlphaCrest Capital Management LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter worth about $55,000. Hsbc Holdings PLC increased its stake in shares of Kosmos Energy by 17.1% during the fourth quarter. Hsbc Holdings PLC now owns 19,955 shares of the oil and gas producer’s stock worth $81,000 after purchasing an additional 2,911 shares in the last quarter. Finally, CWM Advisors LLC increased its stake in shares of Kosmos Energy by 88.5% during the fourth quarter. CWM Advisors LLC now owns 22,151 shares of the oil and gas producer’s stock worth $90,000 after purchasing an additional 10,398 shares in the last quarter. 89.44% of the stock is owned by institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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