BofA analyst Matthew Smith double downgraded Kosmos (KOS) to Underperform from Buy with a price target of $1, down from $3.40. The firm downgraded the shares after cutting its brent oil price forecasts for 2026 and 2027 to $60 and $62 per barrel, respectively. It no longer sees a “clear” deleveraging path for Kosmos after reducing the company’s production estimate by 5%. Operational uncertainty and Kosmos’s elevated debt could continue to pressure the shares, the analyst tells investors in a research note.
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Read More on KOS:
- Kosmos Energy Downgraded to Underperform Amid Lower Oil Price Forecast and High Debt Concerns
- Kosmos downgraded to Accumulate from Buy at Johnson Rice
- Kosmos initiated with an Equal Weight at Stephens
- Kosmos price target lowered to $1.75 from $2 at Goldman Sachs
- Kosmos Energy’s Earnings Call: Production Up, Costs Down