Kosmos Energy (NYSE:KOS) Hits New 1-Year Low – Here’s Why

Kosmos Energy Ltd. (NYSE:KOS)’s share price reached a new 52-week low on Monday . The stock traded as low as $1.15 and last traded at $1.1450, with a volume of 1243841 shares trading hands. The stock had previously closed at $1.17.

Wall Street Analysts Forecast Growth

KOS has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Wednesday. Stephens began coverage on shares of Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. Mizuho reduced their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Clarkson Capital started coverage on shares of Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $3.07.

Kosmos Energy Price Performance

The stock has a market capitalization of $542.90 million, a PE ratio of -3.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The stock’s fifty day moving average is $1.58 and its 200-day moving average is $1.78.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $311.23 million during the quarter, compared to analysts’ expectations of $360.82 million. As a group, equities analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Kosmos Energy by 14.3% in the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Kosmos Energy by 9.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock valued at $58,202,000 after buying an additional 2,110,306 shares in the last quarter. Patient Capital Management LLC grew its stake in Kosmos Energy by 7.4% in the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after acquiring an additional 1,334,930 shares during the period. Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 41.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Kosmos Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after acquiring an additional 286,593 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.