Kosmos Energy (NYSE:KOS) Upgraded to Hold at StockNews.com

Kosmos Energy (NYSE:KOS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also issued reports on KOS. Benchmark cut their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Bank of America decreased 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. Mizuho initiated coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Finally, Sanford C. Bernstein decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.60.

Kosmos Energy Stock Up 0.8 %

Shares of NYSE KOS opened at $3.85 on Wednesday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.25 and a beta of 2.42. Kosmos Energy has a 1 year low of $3.49 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.50 and a current ratio of 0.75. The stock’s 50-day simple moving average is $4.08 and its 200-day simple moving average is $4.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC lifted its holdings in shares of Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock worth $399,000 after purchasing an additional 2,055 shares during the last quarter. Fruth Investment Management increased its position in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 2,500 shares during the period. CWM LLC lifted its stake in Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 2,969 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Kosmos Energy by 13.6% during the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after acquiring an additional 3,700 shares during the period. Finally, Comerica Bank grew its position in shares of Kosmos Energy by 27.1% during the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 4,213 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Company Profile

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.