Kosmos Energy (NYSE:KOS) Hits New 52-Week Low - Here's What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.62 and last traded at $2.65, with a volume of 15940020 shares changing hands. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

KOS has been the subject of several recent analyst reports. Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. StockNews.com lowered Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday. Sanford C. Bernstein reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Mizuho dropped their price objective on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.52.

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Kosmos Energy Trading Up 0.5 %

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 $3.32 and a 200 day moving average of $3.83. The firm has a market cap of $1.32 billion, a PE ratio of 6.37, a P/E/G ratio of 5.24 and a beta of 2.41.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its earnings results on Monday, February 24th. 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). The company 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%. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other Kosmos Energy news, SVP Christopher James Ball sold 84,898 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $264,881.76. Following the sale, the senior vice president now owns 1,639,925 shares in the company, valued at $5,116,566. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the sale, the chief executive officer now owns 3,959,000 shares in the company, valued at approximately $12,352,080. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock worth $1,572,386 over the last 90 days. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kosmos Energy in the third quarter worth $28,000. VSM Wealth Advisory LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth $34,000. Disciplined Investors L.L.C. purchased a new stake in shares of Kosmos Energy in the fourth quarter worth $36,000. Sapient Capital LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth $37,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of Kosmos Energy in the third quarter worth $43,000. 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.