Kosmos Energy (NYSE:KOS) Shares Gap Down - Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $1.80, but opened at $1.62. Kosmos Energy shares last traded at $1.53, with a volume of 2,528,630 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KOS. Mizuho reduced their price target 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. Jefferies Financial Group reiterated a "buy" rating and set a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Benchmark lowered Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, StockNews.com lowered Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kosmos Energy presently has a consensus rating of "Hold" and an average target price of $5.27.

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Kosmos Energy Price Performance

The firm has a market capitalization of $881.73 million, a price-to-earnings ratio of 4.19, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94. The stock's fifty day moving average price is $2.56 and its two-hundred day moving average price is $3.34. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly 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). The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Equities research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company's stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now directly owns 320,231 shares of the company's stock, valued at $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,970 shares of company stock valued at $1,572,386. Corporate insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KOS. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Kosmos Energy by 22.1% during the fourth 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. American Century Companies Inc. boosted its stake in Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after purchasing an additional 2,997,438 shares during the period. 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 purchasing an additional 4,114,499 shares during the last quarter. Patient Capital Management LLC increased its stake in Kosmos Energy by 81.6% in the fourth 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 purchasing an additional 7,707,707 shares during the period. Finally, Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 39.2% in the fourth 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 last quarter. 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.