- Kosmos Energy (KOS +5.8%) is upgraded to Strong Buy from Outperform with a $7 price target at Raymond James, which sees the shares as a buying opportunity following Monday's sizeable loss in the wake of its mixed Q1 results.
- The firm believes the selloff was unjustified, and says the stock is pricing in no value for anything outside of the company's operations in Ghana.
- Analyst Pavel Molchanov calculates that at the current share price, the Mauritania/Senegal gas discovery was being valued below $0.05/Mcf while the resource base was 25% higher than expected, thus “the market is treating Mauritania/Senegal as a negative asset."