Kosmos Energy Ltd. (NYSE:KOS – Get Free Report) has been assigned a consensus rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.5286.
Several analysts have recently weighed in on KOS shares. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Stephens reduced their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.
Read Our Latest Stock Analysis on Kosmos Energy
Kosmos Energy Stock Up 0.8%
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $607.25 million for the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Research analysts anticipate that Kosmos Energy will post 0.45 earnings per share for the current year.
Insider Buying and Selling at Kosmos Energy
In related news, CEO Andrew G. Inglis sold 85,935 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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, CFO Nealesh D. Shah sold 45,980 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $94,259.00. Following the sale, the chief financial officer directly owned 1,935,410 shares in the company, valued at approximately $3,967,590.50. The trade was a 2.32% 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. In the last three months, insiders have sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is currently owned by company insiders.
Institutional Trading of Kosmos Energy
Several hedge funds have recently modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in Kosmos Energy by 12.2% during the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock valued at $82,000 after acquiring an additional 4,215 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Kosmos Energy by 10.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock worth $130,000 after acquiring an additional 4,361 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Kosmos Energy by 7.8% during the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock worth $197,000 after purchasing an additional 6,757 shares during the period. Parallel Advisors LLC lifted its stake in Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its holdings in Kosmos Energy by 18.8% in the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
Kosmos Energy Company Profile
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.
Featured Stories
- Five stocks we like better than Kosmos Energy
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
