Kosmos Energy (KOS) Receives a Buy from Barclays


Barclays analyst James Hosie maintained a Buy rating on Kosmos Energy (KOS) today and set a price target of $10. The company’s shares closed yesterday at $6.35.

According to TipRanks.com, Hosie is ranked #1092 out of 5233 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kosmos Energy with a $9.83 average price target, which is a 54.8% upside from current levels. In a report issued on February 26, Berenberg Bank also maintained a Buy rating on the stock with a $12 price target.

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Based on Kosmos Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $186 million. In comparison, last year the company had a GAAP net loss of $122 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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Kosmos Energy Ltd. is an independent oil and gas exploration and production company, which focuses on frontier and emerging areas in Africa and South America. Its asset portfolio includes existing production, discoveries, and exploration prospects offshore Ghana.

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