Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $2.22

Kosmos Energy Ltd. (NYSE:KOS) has earned an average recommendation of “Reduce” from the nine analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $2.2214.

KOS has been the subject of several research analyst reports. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday. 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 research report on Wednesday, March 25th. Wall Street Zen lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th.

Kosmos Energy Trading Down 0.3%

Shares of KOS opened at $2.88 on Friday. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.32. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 5.56. The firm has a market capitalization of $1.39 billion, a P/E ratio of -1.71, a PEG ratio of 0.43 and a beta of 0.72. The firm’s 50-day moving average is $2.67 and its two-hundred day moving average is $1.78.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, research analysts predict that Kosmos Energy will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis bought 315,790 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $1.90 per share, for a total transaction of $600,001.00. Following the acquisition, the chief executive officer owned 4,542,807 shares of the company’s stock, valued at $8,631,333.30. The trade was a 7.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J Michael Stice bought 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, with a total value of $99,998.90. Following the transaction, the director owned 207,620 shares of the company’s stock, valued at $394,478. The trade was a 33.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 3,684,210 shares of company stock valued at $6,999,999 in the last quarter. Insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Kosmos Energy by 56.7% during the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 140,261 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 12,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kosmos Energy by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after acquiring an additional 443,384 shares during the last quarter. Strs Ohio purchased a new stake in shares of Kosmos Energy in the first quarter valued at $120,000. Finally, Rhumbline Advisers lifted its position in shares of Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after acquiring an additional 52,750 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.