Kosmos Energy Ltd. (NYSE:KOS – Get Free Report) rose 6.7% on Monday . The company traded as high as $2.26 and last traded at $2.24. 5,059,841 shares changed hands during trading, a decline of 76% from the average session volume of 20,924,328 shares. The stock had previously closed at $2.10.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Weiss Ratings cut 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 on the stock in a report on Wednesday, March 25th. Mizuho reiterated 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, May 27th. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2.44.
View Our Latest Stock Report on KOS
Kosmos Energy Price Performance
Kosmos Energy (NYSE:KOS – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. As a group, equities research analysts expect that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Steven Sterin sold 38,636 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the transaction, the director owned 331,295 shares in the company, valued at $904,435.35. This trade represents a 10.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy 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 completion of the sale, the director directly owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is owned by insiders.
Institutional Investors Weigh In On Kosmos Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 6.2% during the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after purchasing an additional 1,208,053 shares during the period. Dalton Investments Inc. purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $454,000. SG Americas Securities LLC raised its position in Kosmos Energy by 494.9% in the first quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock valued at $2,010,000 after purchasing an additional 601,368 shares during the period. Alpine Global Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $188,000. Finally, SmartHarvest Portfolios LLC lifted its stake in Kosmos Energy by 73.0% during the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 10,050 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. 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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