Zacks Investment Research Lowers Kosmos Energy (NYSE:KOS) to Sell

Zacks Investment Research downgraded shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research report released on Wednesday morning, 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. “

Several other research firms have also recently issued reports on KOS. Macquarie assumed coverage on Tullow Oil in a report on Wednesday, May 1st. They set a neutral rating on the stock. Barclays set a $226.00 price objective on Constellation Brands and gave the stock a buy rating in a report on Friday, April 5th. Finally, ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $8.74.

KOS stock opened at $5.84 on Wednesday. Kosmos Energy has a 52-week low of $3.53 and a 52-week high of $9.75. The business’s fifty day simple moving average is $6.04. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.96 and a current ratio of 1.17.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. Kosmos Energy had a negative return on equity of 21.59% and a negative net margin of 9.02%. The business had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $283.07 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business’s revenue was up 133.3% on a year-over-year basis. As a group, equities research analysts predict that Kosmos Energy will post 0.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were given a $0.0452 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, June 5th. Kosmos Energy’s dividend payout ratio (DPR) is currently -38.30%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Kosmos Energy by 8.7% in the 1st quarter. State of Alaska Department of Revenue now owns 28,273 shares of the oil and gas producer’s stock worth $176,000 after buying an additional 2,268 shares during the period. Hsbc Holdings PLC raised its position in shares of Kosmos Energy by 17.1% in the 4th quarter. Hsbc Holdings PLC now owns 19,955 shares of the oil and gas producer’s stock worth $81,000 after buying an additional 2,911 shares during the period. TD Asset Management Inc. raised its position in shares of Kosmos Energy by 13.7% in the 1st quarter. TD Asset Management Inc. now owns 29,038 shares of the oil and gas producer’s stock worth $181,000 after buying an additional 3,500 shares during the period. Amalgamated Bank raised its position in shares of Kosmos Energy by 10.1% in the 4th quarter. Amalgamated Bank now owns 46,724 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 4,294 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Kosmos Energy by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 999,127 shares of the oil and gas producer’s stock worth $4,066,000 after buying an additional 4,456 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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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