Kosmos Energy (NYSE:KOS) Shares Down 8.3% After Earnings Miss

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares dropped 8.3% during mid-day trading on Monday following a weaker than expected earnings announcement. The company traded as low as $2.90 and last traded at $2.92. Approximately 3,577,133 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 7,513,113 shares. The stock had previously closed at $3.18.

The oil and gas producer reported ($0.01) 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 analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KOS. Mizuho dropped 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 note on Monday, December 16th. StockNews.com cut Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. Benchmark lowered their price objective on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research note 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 research report on Wednesday, December 18th. Finally, Sanford C. Bernstein dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Tuesday, November 5th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $5.52.

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Insider Transactions at Kosmos Energy

In other news, CEO Andrew G. Inglis sold 102,701 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 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 approximately $13,218,475.92. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher James Ball sold 84,898 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $264,881.76. Following the completion of the sale, the senior vice president now owns 1,639,925 shares in the company, valued at approximately $5,116,566. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Kosmos Energy by 24.9% in the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock valued at $67,000 after acquiring an additional 3,932 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Kosmos Energy by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer's stock worth $155,000 after buying an additional 4,381 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer's stock valued at $531,000 after buying an additional 4,640 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Kosmos Energy by 42.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer's stock valued at $66,000 after buying an additional 4,921 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Kosmos Energy by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer's stock valued at $588,000 after acquiring an additional 6,300 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Trading Up 5.5 %

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 capitalization of $1.32 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The firm has a 50 day moving average price of $3.32 and a two-hundred day moving average price of $3.83.

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.