Kosmos Energy (NYSE:KOS) Shares Gap Down Following Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS – Get Rating) shares gapped down before the market opened on Thursday after Barclays lowered their price target on the stock from $10.75 to $10.00. The stock had previously closed at $6.21, but opened at $6.00. Barclays currently has an overweight rating on the stock. Kosmos Energy shares last traded at $6.21, with a volume of 392,208 shares traded.

Several other research analysts have also recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Kosmos Energy in a research note on Tuesday, February 28th. Peel Hunt started coverage on Kosmos Energy in a research note on Friday, March 10th. They issued an “add” rating and a $8.94 price target for the company. Bank of America cut Kosmos Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $9.60 in a research note on Tuesday, February 28th. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Finally, TheStreet cut Kosmos Energy from a “b-” rating to a “c” rating in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of “Moderate Buy” and an average price target of $130.51.

Institutional Trading of Kosmos Energy

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Kosmos Energy by 143.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 2,110 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at $27,000. Dark Forest Capital Management LP acquired a new stake in shares of Kosmos Energy in the second quarter valued at $31,000. Captrust Financial Advisors lifted its holdings in shares of Kosmos Energy by 50.1% in the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,467 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at $45,000. Institutional investors and hedge funds own 87.13% of the company’s stock.

Kosmos Energy Stock Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.30 and a beta of 2.77. The company has a fifty day moving average price of $7.51 and a two-hundred day moving average price of $6.67.

Kosmos Energy (NYSE:KOS – Get Rating) last announced its earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. The business had revenue of $563.72 million during the quarter. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that Kosmos Energy Ltd. will post 1.21 EPS for the current year.

About Kosmos Energy

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.