Is Kosmos Energy (NYSE:KOS) a Sell? What does Goldman Sachs Think?

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Why Has Goldman Sachs Given Kosmos Energy (NYSE:KOS) a $6.50 Price Target

Goldman Sachs has just issued a Neutral rating for Kosmos Energy (NYSE:KOS) shares. The firm commenced coverage coverage on shares of KOS in analysts report issued to investors and clients on Friday, 11 December. This target suggests upside of 8.88% from the last price of Kosmos Energy (NYSE:KOS).

From a total of 12 analysts covering Kosmos Energy (NYSE:KOS) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $15 while the lowest target price is $7. The mean of all analyst targets is $9.79 with a 31.58% above today’s ($5.89) stock price. Kosmos Energy was the topic of 6 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on November 16 to “Sector Perform” rating. TheStreet downgraded KOS stock in a recent report from August 5 to “Hold” rating.

Approximately 620,631 shares of stock traded hands. Kosmos Energy Ltd (NYSE:KOS) has declined 34.29% since May 8, 2015 and is downtrending. It has underperformed by 31.27% the S&P500.

The overall sentiment of institutions has increased to 1.02 in Q2 2015. Its up 0.16, from 0.86 in 2015Q2. The ratio increased, as 22 institutions have sold all the shares of Kosmos Energy Ltd that they owned while 33 funds have taken shares off the table. 15 funds have purchased shares for the first time while 41 added to their positions. These institutions now hold 349.87 million shares or 1.95% more than the 343.19 million shares they owned in 2015Q2.

The Fund Warburg Pincus Llc currently is holding shares equating to 8.29% of its total portfolio in Kosmos Energy Ltd representing a total of 118.01 million shares. Another fund,Sailingstone Capital Partners Llc, is holding a total of 26.55 million shares equating to 4.56% of their holdings. Additionally, Genesis Asset Managers Llp has a 11.55 million share stake in Kosmos Energy Ltd which represents 2.76% of their total portfolio. The Fund, Blackstone Group L.P., based out of New York, has also built up a stake in the stock, which represents a total of 1.73% of their total portfolio. Finally Magnetar Financial Llc, a fund which is based in the state of Illinois reported a total holdings of 5.96 million shares.

Insider activity is a very important aspect to track on any stock. Going back to August 28, 2015, shareholders of Kosmos Energy Ltd have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $20,822 . Nobel Paul sold 2,997 shares worth approximately $20,822.

Kosmos Energy Ltd. is a holding, independent gas and oil exploration and production firm focused on frontier and emerging areas along the Atlantic Margin. The company has a market cap of $2.37 billion. The Company’s activities are conducted through its wholly owned subsidiary, Kosmos Energy, LLC. It has 84 P/E ratio. The Company’s assets include existing production and other development projects offshore Ghana, as well as exploration licenses with hydrocarbon potential offshore Ireland, Mauritania, Morocco (including Western Sahara), Senegal and Suriname.

According to Zacks Investment Research, “Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. Kosmos Energy Ltd. is based in Hamilton, Bermuda.” Get a free copy of the Zacks research report on Kosmos Energy Ltd (KOS).

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