The Goldman Sachs Group Cuts Kosmos Energy (NYSE:KOS) Price Target to $4.00

Kosmos Energy (NYSE:KOS - Free Report) had its price objective reduced by The Goldman Sachs Group from $5.00 to $4.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the oil and gas producer's stock.

Several other brokerages also recently weighed in on KOS. Jefferies Financial Group reaffirmed a "buy" rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. StockNews.com lowered Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Mizuho decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Benchmark downgraded Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kosmos Energy currently has an average rating of "Hold" and a consensus price target of $5.27.

Kosmos Energy Stock Performance

NYSE:KOS traded up $0.07 during midday trading on Thursday, reaching $2.29. The stock had a trading volume of 11,774,647 shares, compared to its average volume of 7,820,386. Kosmos Energy has a 12-month low of $2.07 and a 12-month high of $6.58. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $3.47. The stock has a market cap of $1.09 billion, a P/E ratio of 5.19, a P/E/G ratio of 5.24 and a beta of 2.31.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The firm had revenue of $397.66 million during the quarter, compared to analysts' expectations of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, equities analysts expect that Kosmos Energy will post 0.42 EPS for the current year.

Insider Activity at Kosmos Energy

In other news, CAO Ronald W. Glass sold 16,182 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares in the company, valued at approximately $999,120.72. This represents a 4.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nealesh D. Shah sold 56,987 shares of the company'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 value of $177,799.44. Following the completion of the transaction, the chief financial officer now directly owns 1,711,580 shares of the company's stock, valued at $5,340,129.60. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 in the last ninety days. 2.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its holdings in Kosmos Energy by 215.1% in the fourth quarter. Mackenzie Financial Corp now owns 451,780 shares of the oil and gas producer's stock valued at $1,545,000 after acquiring an additional 308,409 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Kosmos Energy during the 4th quarter worth approximately $490,000. GTS Securities LLC increased its stake in shares of Kosmos Energy by 548.4% in the 4th quarter. GTS Securities LLC now owns 151,432 shares of the oil and gas producer's stock valued at $518,000 after acquiring an additional 128,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kosmos Energy by 23.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after acquiring an additional 395,283 shares during the period. Finally, Wexford Capital LP bought a new position in Kosmos Energy during the fourth quarter worth $109,000. 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.