Kosmos Energy (NYSE:KOS) Hits New 12-Month Low - What's Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $2.45 and last traded at $2.49, with a volume of 14958328 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KOS. Jefferies Financial Group restated a "buy" rating and issued a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Mizuho dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Benchmark downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.52.

Kosmos Energy Trading Up 3.1 %

The firm has a market capitalization of $1.05 billion, a P/E ratio of 4.99, a PEG ratio of 5.24 and a beta of 2.41. 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 50 day moving average of $3.25 and a 200-day moving average of $3.74.

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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 for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. On average, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Christopher James Ball sold 84,898 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $264,881.76. Following the sale, the senior vice president now directly owns 1,639,925 shares of the company's stock, valued at $5,116,566. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Ronald W. Glass sold 10,354 shares of Kosmos Energy stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $32,304.48. Following the completion of the transaction, the chief accounting officer now owns 299,498 shares in the company, valued at approximately $934,433.76. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock worth $1,572,386 over the last ninety days. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kosmos Energy during the 3rd quarter worth approximately $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Kosmos Energy during the fourth quarter worth $34,000. Disciplined Investors L.L.C. acquired a new position in shares of Kosmos Energy during the fourth quarter worth $36,000. Sapient Capital LLC bought a new position in shares of Kosmos Energy in the 4th quarter valued at $37,000. Finally, CTC Alternative Strategies Ltd. acquired a new stake in shares of Kosmos Energy during the 3rd quarter valued at $43,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Kosmos Energy

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.