Kosmos Energy (NYSE:KOS) Downgraded by Benchmark to Hold

Kosmos Energy (NYSE:KOS - Get Free Report) was downgraded by investment analysts at Benchmark from a "buy" rating to a "hold" rating in a research note issued on Tuesday, Marketbeat.com reports.

A number of other research analysts have also commented on the stock. Mizuho decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Sanford C. Bernstein decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kosmos Energy has an average rating of "Hold" and an average price target of $5.52.

Kosmos Energy Price Performance

KOS traded up $0.07 during trading on Tuesday, reaching $2.20. 17,460,077 shares of the company were exchanged, compared to its average volume of 8,930,965. Kosmos Energy has a 12-month low of $2.11 and a 12-month high of $6.58. The company's 50-day moving average is $3.25 and its two-hundred day moving average is $3.74. 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 company has a market cap of $1.05 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 5.24 and a beta of 2.31.

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Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) 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 the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Research analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy 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 transaction, the chief accounting officer now directly owns 320,231 shares of the company's stock, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares of the company's stock, valued at $536,817.84. This trade represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC bought a new position in shares of Kosmos Energy during the fourth quarter valued at about $35,723,000. Patient Capital Management LLC boosted its holdings in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock valued at $58,645,000 after acquiring an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock worth $111,586,000 after acquiring an additional 5,906,210 shares during the last quarter. William Blair Investment Management LLC grew its position in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock worth $64,104,000 after acquiring an additional 4,114,499 shares during the last quarter. Finally, Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock worth $39,063,000 after purchasing an additional 3,218,394 shares during the period. Hedge funds and other institutional investors own 95.33% of the company's stock.

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.