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

Kosmos Energy Ltd. (NYSE:KOS) gapped down before the market opened on Monday after Mizuho lowered their price target on the stock from $5.00 to $4.00. The stock had previously closed at $3.01, but opened at $2.93. Mizuho currently has a neutral rating on the stock. Kosmos Energy shares last traded at $2.88, with a volume of 2,382,805 shares changing hands.

Several other research firms also recently commented on KOS. Bank of America dropped their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Benchmark lowered their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.50.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in shares of Kosmos Energy by 27.1% in the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer’s stock worth $118,000 after purchasing an additional 4,213 shares during the last quarter. CWM LLC increased its position in shares of Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 2,969 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Kosmos Energy by 46.2% in the second quarter. SG Americas Securities LLC now owns 59,416 shares of the oil and gas producer’s stock worth $329,000 after purchasing an additional 18,768 shares during the last quarter. Raymond James & Associates bought a new position in shares of Kosmos Energy in the second quarter worth approximately $1,461,000. Finally, Bank of New York Mellon Corp increased its position in shares of Kosmos Energy by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 2,430,043 shares of the oil and gas producer’s stock worth $13,462,000 after purchasing an additional 237,488 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The company’s 50-day moving average is $3.87 and its two-hundred day moving average is $4.61. The company has a market capitalization of $1.28 billion, a P/E ratio of 6.16, a PEG ratio of 0.48 and a beta of 2.41.

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.