Kosmos Energy (NYSE:KOS) Shares Gap Down – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.13, but opened at $2.06. Kosmos Energy shares last traded at $2.06, with a volume of 458,780 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KOS. The Goldman Sachs Group cut their price target on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. Finally, Mizuho reduced their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.93.

Kosmos Energy Stock Up 7.9%

The stock’s fifty day simple moving average is $1.76 and its 200-day simple moving average is $2.59. The stock has a market cap of $1.08 billion, a P/E ratio of 5.13, a P/E/G ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director now owns 29,921 shares in the company, valued at $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.99% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

Several institutional investors have recently modified their holdings of KOS. Vident Advisory LLC acquired a new position in shares of Kosmos Energy in the 1st quarter worth approximately $30,000. VSM Wealth Advisory LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $34,000. Disciplined Investors L.L.C. bought a new stake in shares of Kosmos Energy in the 4th quarter valued at $36,000. Boothbay Fund Management LLC bought a new position in Kosmos Energy during the fourth quarter worth $45,000. Finally, Inscription Capital LLC acquired a new position in shares of Kosmos Energy during the first quarter valued at about $46,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

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.