Kosmos Energy Ltd. (NYSE:KOS – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.34, but opened at $2.49. Kosmos Energy shares last traded at $2.42, with a volume of 3,014,518 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Stephens decreased their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research note on Thursday, April 9th. Finally, Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and an average target price of $2.53.
View Our Latest Stock Analysis on Kosmos Energy
Kosmos Energy Trading Up 3.2%
Kosmos Energy (NYSE:KOS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $370.73 million for 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%. Research analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Kosmos Energy news, CEO Andrew G. Inglis sold 85,935 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $176,166.75. Following the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at $9,589,988.15. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, SVP Josh R. Marion sold 24,969 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $51,186.45. Following the completion of the sale, the senior vice president directly owned 233,404 shares of the company’s stock, valued at $478,478.20. This represents a 9.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $689,275 over the last three months. 1.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Kosmos Energy
Several large investors have recently modified their holdings of the stock. Kiker Wealth Management LLC acquired a new stake in Kosmos Energy during the second quarter worth about $426,000. Pictet Asset Management Holding SA increased its stake in Kosmos Energy by 7.8% in the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock valued at $197,000 after acquiring an additional 6,757 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Kosmos Energy by 12.2% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock worth $82,000 after buying an additional 4,215 shares during the last quarter. Banco Santander S.A. grew its stake in shares of Kosmos Energy by 321.9% during the second quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock worth $1,109,000 after buying an additional 400,842 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Kosmos Energy during the second quarter valued at $138,000. 95.33% of the stock is owned by institutional investors and hedge funds.
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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