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

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

Kosmos Energy Stock Performance

NYSE KOS traded up $0.15 on Thursday, reaching $2.80. 8,966,710 shares of the company's stock traded hands, compared to its average volume of 8,041,854. Kosmos Energy has a fifty-two week low of $2.58 and a fifty-two week high of $6.58. 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 firm has a market cap of $1.32 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 5.24 and a beta of 2.41. The stock has a 50 day moving average price of $3.32 and a 200-day moving average price of $3.83.

Wall Street Analyst Weigh In

Several research firms have weighed in on KOS. Jefferies Financial Group reissued 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 shares of Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday. Sanford C. Bernstein cut their target price 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 lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Finally, Benchmark cut their price objective on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $5.52.

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Insiders Place Their Bets

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew G. Inglis sold 102,701 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $320,427.12. Following the sale, the chief executive officer now directly owns 4,236,691 shares in the company, valued at $13,218,475.92. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,970 shares of company stock valued at $1,572,386. Company insiders own 2.02% 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.