Kosmos Energy (NYSE:KOS) Trading Down 5.2% - What's Next?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s share price traded down 5.2% during mid-day trading on Monday . The stock traded as low as $2.66 and last traded at $2.67. 1,171,402 shares were traded during mid-day trading, a decline of 85% from the average session volume of 7,874,540 shares. The stock had previously closed at $2.81.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Benchmark cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday. Mizuho decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, December 16th. StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.52.

Kosmos Energy Trading Down 7.6 %

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The firm's 50 day moving average is $3.27 and its 200 day moving average is $3.75. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Remove Ads

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

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 102,701 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 $320,427.12. Following the completion of the sale, the chief executive officer now owns 4,236,691 shares in the company, valued at approximately $13,218,475.92. This represents a 2.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Glass sold 16,182 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 transaction of $50,487.84. Following the completion of the sale, the chief accounting officer now owns 320,231 shares of the company's stock, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KOS. Encompass Capital Advisors LLC acquired a new position in Kosmos Energy in the 4th quarter valued at approximately $35,723,000. Patient Capital Management LLC increased its stake in Kosmos Energy by 81.6% in 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 buying an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Kosmos Energy by 22.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock valued at $111,586,000 after buying an additional 5,906,210 shares during the period. William Blair Investment Management LLC increased its stake in Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock valued at $64,104,000 after buying an additional 4,114,499 shares during the period. 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 valued at $39,063,000 after buying an additional 3,218,394 shares during the period. Institutional investors and hedge funds 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.