Kosmos Energy (NYSE:KOS) Releases Earnings Results, Misses Expectations By $0.02 EPS

Kosmos Energy (NYSE:KOS - Get Free Report) posted its quarterly earnings results on Monday. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02), Zacks reports. The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%.

Kosmos Energy Price Performance

Kosmos Energy stock traded up $0.15 on Thursday, reaching $2.80. The company's stock had a trading volume of 8,966,710 shares, compared to its average volume of 8,041,854. The business's fifty day moving average price is $3.32 and its 200 day moving average price is $3.83. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 5.24 and a beta of 2.41. Kosmos Energy has a twelve month low of $2.58 and a twelve month high of $6.58.

Insider Activity

In other news, CEO Andrew G. Inglis sold 138,689 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $432,709.68. Following the transaction, the chief executive officer now directly owns 3,959,000 shares in the company, valued at approximately $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ronald W. Glass sold 16,182 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company's stock, valued at approximately $999,120.72. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on KOS shares. Benchmark lowered their price objective on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Tuesday, November 5th. Mizuho cut their price objective on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, December 16th. StockNews.com downgraded shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.52.

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.