Kosmos Energy (NYSE:KOS) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research note published on Tuesday.

KOS has been the subject of a number of other reports. Benchmark dropped their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho began coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kosmos Energy presently has an average rating of “Hold” and a consensus price target of $6.60.

Kosmos Energy Price Performance

NYSE:KOS traded down $0.07 during trading hours on Tuesday, hitting $3.55. The stock had a trading volume of 2,277,294 shares, compared to its average volume of 6,818,585. The company has a 50 day simple moving average of $4.14 and a two-hundred day simple moving average of $5.04. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. Kosmos Energy has a one year low of $3.54 and a one year high of $7.20. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 0.45 and a beta of 2.42.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.91%. The firm had revenue of $450.94 million during the quarter. Research analysts forecast that Kosmos Energy will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its stake in Kosmos Energy by 7.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after purchasing an additional 1,933,216 shares during the last quarter. American Century Companies Inc. increased its position in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after acquiring an additional 3,636,663 shares during the period. William Blair Investment Management LLC increased its position in shares of 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 during the period. Vanguard Group Inc. increased its position in shares of Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after acquiring an additional 258,460 shares during the period. Finally, Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after acquiring an additional 1,863,966 shares during the period. 95.33% of the stock is owned by 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.