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The stock price of Kosmos Energy Ltd (NYSE: KOS) collapsed before the market opened on Friday. The shares of Kosmos Energy last traded at $ 8.39, with a total of 41,829 shares
A number of brokerages published reports on KOS. In a research report released Thursday, Jefferies Financial Group took Kosmos Energy from "hold" to "buy" and raised its price target from $ 5.15 to $ 8.62. ValuEngine upgraded Kosmos Energy from a "hold" rating to a "buy" rating in a research report on Saturday, June 2, 2008. TheStreet upgraded Kosmos Energy from a "d +" rating to a "c-" Note in a research report on Wednesday, May 16. Finally, Barclays pbaded Kosmos Energy from an "equal weight" rating to an "overweighted" rating and set a price target of 9 , $ 00 on the title in a research report on Thursday, May 17. Two badysts have rated the stock with a reserve note and thirteen have issued a buy-to-action note.Kosmos Energy currently has a consensual rating of "Buy" and a consensus target price of $ 9.24.
The stock has a market capitalization of $ 3.25 billion, a price-earnings ratio of -26.27 and a beta The company has a quick ratio of 1.03, a ratio of 1.25 and a debt ratio of 1.50.
Kosmos Energy (NYSE: KOS) released its financial results for the last time on Monday, May 7. The oil and gas producer reported earnings per share of $ 0.06 for the quarter, up $ 0.07 from the consensus estimate of ($ 0.13). The company achieved a turnover of $ 127.18 million for the quarter, compared to the consensus estimate of $ 125.50 million. Kosmos Energy had a negative return on equity of 11.16% and a negative net margin of 39.90%. The quarterly business turnover of the company is down 16.3% over the same quarter of last year. During the same quarter last year, the company posted earnings per share of $ 0.11. Analysts predict that Kosmos Energy Ltd will post 0.08 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added or reduced their holdings in the company. BlackRock Inc. increased its holdings of Kosmos Energy by 11.7% in the first quarter. BlackRock Inc. now holds 17,962,978 shares of oil and gas producers valued at $ 113,166,000 after purchasing 1,884,072 additional shares in the last quarter. Vaughan Nelson Investment Management LP increased its holdings of Kosmos Energy shares by 22.2% in the first quarter. Vaughan Nelson Investment Management LP now holds 10,923,750 shares of the oil and gas producer valued at $ 68,819,000 after purchasing 1,985,000 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of Kosmos Energy by 21.8% in the first quarter. Dimensional Fund Advisors LP now holds 10,136,511 shares of the oil and gas company valued at $ 63,860,000 after purchasing 1,810,985 additional shares in the last quarter. Millennium Management LLC increased its holdings of Kosmos Energy shares by 335.9% in the first quarter. Millennium Management LLC now holds 5,225,419 shares of the oil and gas company valued at $ 32,920,000 after purchasing 4,026,583 additional shares in the last quarter. Finally, Victory Capital Management Inc. increased its equity holdings in Kosmos Energy by 13.2% in the first quarter. Victory Capital Management Inc. now holds 4,050,825 shares of oil and gas producers valued at $ 25,520,000 after purchasing an additional 471,730 shares during the last quarter. Institutional investors and hedge funds own 97.78% of the company's shares.
About Kosmos Energy
Kosmos Energy Ltd. explores and produces oil and gas in Africa and South America. Its portfolio of badets includes production projects and other development projects off Ghana and Equatorial Guinea; and exploration potential off Mauritania and Senegal, as well as exploration licenses off Côte d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe and Suriname [19659006] Your email address below to receive a concise daily summary of the latest news and badyst ratings for Kosmos Energy and related companies with the free daily newsletter from MarketBeat.com.
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