Kosmos Energy (NYSE:KOS) Trading Down 16.4% - What's Next?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s share price fell 16.4% during mid-day trading on Thursday . The company traded as low as $1.94 and last traded at $1.91. 2,591,299 shares traded hands during trading, a decline of 67% from the average session volume of 7,824,371 shares. The stock had previously closed at $2.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Jefferies Financial Group reiterated a "buy" rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective on 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 note on Tuesday, March 4th. Finally, Mizuho decreased their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of "Hold" and an average target price of $5.27.

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Kosmos Energy Stock Down 7.9 %

The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $752.70 million, a P/E ratio of 3.58, a PEG ratio of 5.24 and a beta of 1.94. The firm's 50 day moving average price is $2.56 and its two-hundred day moving average price is $3.34.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its 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 the consensus estimate of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In other news, SVP Josh R. Marion sold 16,144 shares of the business'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 $50,369.28. Following the completion of the transaction, the senior vice president now directly owns 172,057 shares in the company, valued at approximately $536,817.84. The trade was a 8.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew G. Inglis sold 102,701 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 $320,427.12. Following the completion of the transaction, the chief executive officer now directly owns 4,236,691 shares in the company, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 in the last quarter. 2.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kosmos Energy

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of Kosmos Energy by 14.7% during the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer's stock valued at $1,519,000 after acquiring an additional 85,431 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Kosmos Energy by 215.1% during the fourth quarter. Mackenzie Financial Corp now owns 451,780 shares of the oil and gas producer's stock worth $1,545,000 after purchasing an additional 308,409 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $490,000. GTS Securities LLC increased its stake in shares of Kosmos Energy by 548.4% in the fourth quarter. GTS Securities LLC now owns 151,432 shares of the oil and gas producer's stock valued at $518,000 after buying an additional 128,076 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kosmos Energy by 23.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after buying an additional 395,283 shares during the last quarter. Institutional investors and hedge funds own 95.33% 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.