Kosmos Energy Gets a Hold Rating from Scotiabank

By Ryan Adsit

Scotiabank analyst Joseph Bachmann maintained a Hold rating on Kosmos Energy (NYSE: KOS) yesterday and set a price target of $8. The company’s shares closed yesterday at $7.28, close to its 52-week high of $7.48.

According to TipRanks.com, Bachmann is a 1-star analyst with an average return of -3.6% and a 43.1% success rate. Bachmann covers the Basic Materials sector, focusing on stocks such as Evolution Petroleum Corp, Approach Resources Inc, and Jagged Peak Energy Inc.

Kosmos Energy has an analyst consensus of Strong Buy, with a price target consensus of $9.

The company has a one year high of $7.48 and a one year low of $4.39. Currently, Kosmos Energy has an average volume of 2.96M.

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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. The company’s asset portfolio includes existing production, discoveries, and exploration prospects offshore Ghana. It also involves the exploration licenses with hydrocarbon potential offshore Mauritania, Morocco, and Suriname. Kosmos Energy was founded by Brian F. Maxted on April 23, 2003 and is headquartered in Hamilton, Bermuda.