Kosmos Energy (NYSE:KOS) Trading Down 4.3% – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) were down 4.3% during trading on Thursday . The stock traded as low as $1.22 and last traded at $1.2350. Approximately 1,771,384 shares were traded during trading, a decline of 92% from the average daily volume of 22,157,115 shares. The stock had previously closed at $1.29.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KOS. Stephens assumed coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price objective for the company. Bank of America reaffirmed an “underperform” rating and issued a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a report on Monday, January 5th. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and reduced their target price for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Finally, Mizuho decreased their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Price Performance

The firm has a market capitalization of $619.44 million, a price-to-earnings ratio of -1.90 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. The business has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.53.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $310.96 million during the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently bought and sold shares of KOS. Blueshift Asset Management LLC bought a new position in shares of Kosmos Energy in the second quarter valued at approximately $27,000. Old Port Advisors acquired a new stake in Kosmos Energy in the 4th quarter valued at about $27,000. Verum Partners LLC acquired a new stake in Kosmos Energy in the 2nd quarter valued at about $29,000. Ellevest Inc. bought a new position in shares of Kosmos Energy during the 2nd quarter valued at about $34,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Kosmos Energy by 53.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 8,371 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. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.