Kosmos Energy (NYSE:KOS) Director Steven Sterin Sells 38,636 Shares

Kosmos Energy Ltd. (NYSE:KOS) Director Steven Sterin sold 38,636 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total transaction of $105,476.28. Following the completion of the transaction, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This represents a 10.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kosmos Energy Trading Up 2.2%

Shares of NYSE:KOS traded up $0.06 during trading on Friday, reaching $2.80. The stock had a trading volume of 12,225,828 shares, compared to its average volume of 22,864,020. The business has a fifty day moving average price of $2.86 and a 200-day moving average price of $1.94. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The stock has a market cap of $1.66 billion, a P/E ratio of -1.67, a PEG ratio of 0.40 and a beta of 0.72. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The firm had revenue of $370.73 million during 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%. As a group, analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of KOS. Captrust Financial Advisors increased its position in Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the last quarter. Old Port Advisors acquired a new position in Kosmos Energy during the fourth quarter worth approximately $27,000. Cibc World Markets Corp acquired a new position in Kosmos Energy during the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new position in Kosmos Energy during the first quarter worth approximately $31,000. Finally, Abel Hall LLC acquired a new position in Kosmos Energy during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Mizuho restated an “underperform” rating and issued a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a report on Wednesday. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group lowered shares of 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. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of “Reduce” and a consensus price target of $2.44.

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.