Kosmos Energy Ltd. (NYSE:KOS) Receives Average Rating of “Reduce” from Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOSGet Free Report) have been given an average rating of “Reduce” by the ten research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.4357.

A number of research analysts have issued reports on the company. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, March 25th. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a report on Wednesday. Finally, Mizuho reissued an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday.

Get Our Latest Analysis on Kosmos Energy

Insider Buying and Selling

In other news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the transaction, the director directly owned 4,974,184 shares in the company, valued at approximately $9,450,949.60. This trade represents a 173.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew G. Inglis bought 315,790 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $1.90 per share, with a total value of $600,001.00. Following the purchase, the chief executive officer owned 4,542,807 shares in the company, valued at $8,631,333.30. This trade represents a 7.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 3,684,210 shares of company stock worth $6,999,999 and sold 125,568 shares worth $342,801. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Kosmos Energy

A number of hedge funds have recently modified their holdings of KOS. Captrust Financial Advisors lifted its position in shares of Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 13,854 shares during the period. Old Port Advisors bought a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $27,000. Cibc World Markets Corp bought a new stake in shares of Kosmos Energy in the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $31,000. Finally, Abel Hall LLC bought a new stake in shares of Kosmos Energy in the 1st quarter worth approximately $36,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $2.80 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The stock has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $1.94. The company has a market cap of $1.66 billion, a PE ratio of -1.67, a P/E/G ratio of 0.42 and a beta of 0.72. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.34.

Kosmos Energy (NYSE:KOSGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The business had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. On average, equities research analysts forecast that Kosmos Energy will post 0.24 EPS for the current year.

About Kosmos Energy

(Get Free Report)

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.

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Analyst Recommendations for Kosmos Energy (NYSE:KOS)

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