Kosmos Energy (NYSE:KOS) Stock Price Down 6% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOSGet Free Report)’s stock price traded down 6% during mid-day trading on Wednesday . The stock traded as low as $2.34 and last traded at $2.35. Approximately 2,809,730 shares were traded during mid-day trading, a decline of 87% from the average session volume of 21,115,553 shares. The stock had previously closed at $2.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on KOS shares. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Mizuho restated an “underperform” rating and set a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research report on Thursday, April 9th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and an average price target of $2.44.

View Our Latest Stock Analysis on KOS

Kosmos Energy Stock Performance

The company has a market cap of $1.27 billion, a price-to-earnings ratio of -1.27, a price-to-earnings-growth ratio of 0.27 and a beta of 0.71. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.27.

Kosmos Energy (NYSE:KOSGet Free Report) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) 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 company had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. As a group, analysts anticipate that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In related news, Director Roy A. Franklin sold 43,466 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director directly owned 150,722 shares in the company, valued at $411,471.06. This trade represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Josh R. Marion sold 24,969 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president owned 233,404 shares of the company’s stock, valued at approximately $478,478.20. This trade represents a 9.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 294,580 shares of company stock valued at $689,275 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 13,854 shares in the last quarter. Old Port Advisors bought a new stake in Kosmos Energy in the 4th quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new position in Kosmos Energy during the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new position in Kosmos Energy during the 1st quarter worth approximately $31,000. Finally, Caerus Investment Advisors LLC bought a new position in shares of Kosmos Energy during the 1st quarter worth approximately $31,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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