Kosmos Energy (NYSE:KOS) Stock Price Down 6.1% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) shares fell 6.1% during trading on Tuesday . The stock traded as low as $2.70 and last traded at $2.78. 18,079,096 shares traded hands during trading, a decline of 31% from the average session volume of 26,220,365 shares. The stock had previously closed at $2.96.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KOS. Sanford C. Bernstein decreased their price target on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. Bank of America reissued an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Finally, The Goldman Sachs Group raised their price target on shares of Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.19.

Kosmos Energy Stock Down 3.6%

The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The stock’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.59. The firm has a market cap of $1.29 billion, a P/E ratio of -1.84, a PEG ratio of 0.42 and a beta of 0.65.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share for the quarter. Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%.The business had revenue of $294.62 million during the quarter. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kosmos Energy news, Director Adebayo O. Ogunlesi purchased 3,157,895 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the purchase, the director owned 4,974,184 shares in the company, valued at $9,450,949.60. This represents a 173.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Michael Stice purchased 52,631 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $1.90 per share, for a total transaction of $99,998.90. Following the completion of the acquisition, the director directly owned 207,620 shares in the company, valued at approximately $394,478. This represents a 33.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after purchasing an additional 5,485,000 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares during the period. M&G PLC boosted its position in shares of Kosmos Energy by 38.3% during the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after purchasing an additional 2,210,302 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Kosmos Energy by 21.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,464,577 shares of the oil and gas producer’s stock worth $11,119,000 after purchasing an additional 1,145,057 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Kosmos Energy by 34.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock valued at $4,561,000 after buying an additional 698,740 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

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.