Deutsche Bank Starts Kosmos Energy (KOS) at Hold; A Victim of Its Own Success

Deutsche Bank initiates coverage on Kosmos Energy (NYSE: KOS) with a Hold. PT $17.00.

Deutsche analyst says, "KOS is the model of a successful exploration company, having discovered ~500mm boe (net) of resource worth over $5.0 billion in Ghana since 2007, as well as reaching 1st oil at Jubilee in record time. Ghana upside remains, with ~300mmboe net potential to be tested in next 18 months. However, a diminishing materiality of exploration and the current focus on appraisal & development, and potential game-changer Morocco still 12+ months away leaves us with a more modest risk-reward and near-term performance that feels increasingly dependent on crude price."

For an analyst ratings summary and ratings history on Kosmos Energy click here. For more ratings news on Kosmos Energy click here.

Shares of Kosmos Energy closed at $13.08 yesterday.

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