12 Best NYSE Penny Stocks to Buy According to Analysts

5. Kosmos Energy Ltd. (NYSE:KOS)

Price as of March 7: $2.13

Analysts upside potential as of March 7: 140.38%

Number of Hedge Fund Holders In Q4 2024: 27

Kosmos Energy Ltd. (NYSE:KOS) is a Dallas, Texas-based oil giant that operates deepwater oil and gas rigs in the Americas and Africa. Some of the company’s key projects include the Jubilee oil field and the TEN project in Ghana, the Greater Tortue Ahmeyim (GTA) project that straddles Mauritania and Senegal, and the Ceiba and Okume Complex in Equatorial Guinea.

Kosmos Energy Ltd. (NYSE:KOS) recently released its latest financial results (Q4 and full-year 2024), and the data paints a mixed picture. To start, the company posted $397.66 million in quarterly revenues against the expected $418.53 million. As a result, the reported quarterly EPS of -$0.03 was far lower than the forecasted $0.02. It is no surprise that the stock declined by 5.35% in premarket trading on the news. The stock is now trading at 32.75% lower than at the beginning of the year.

Despite the earnings miss and the subsequent investor flight, Kosmos Energy Ltd. (NYSE:KOS) continues to display financial resilience. For instance, the company raised $900 million in new bonds and refinanced its Reserve-Based Lending facility. The company is also doing well operationally. In February 2025, Kosmos Energy Ltd. (NYSE:KOS) announced that the GTA project in Senegal and Mauritania achieved its first LNG production. The project achieved its first gas production in December 2024 and is now preparing to load its first LNG cargo.

At year-end 2024, the company reported 2P reserves of approximately 530 million barrels of oil equivalent. This represents a reserve replacement ratio of 137% and a 22-year reserves-to-production ratio. This strong reserve position demonstrates the longevity of the company’s portfolio and supports the analyst upside potential of 140.38%.