Kosmos Energy (NYSE:KOS) Trading Down 6.8% – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS) fell 6.8% on Thursday . The stock traded as low as $2.33 and last traded at $2.33. Approximately 6,279,519 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 21,324,445 shares. The stock had previously closed at $2.50.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KOS shares. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research note on Thursday, April 9th. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, March 25th. Mizuho reissued an “underperform” rating and issued a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $2.44.

Kosmos Energy Stock Performance

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -1.43, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. The company’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $2.09. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The firm had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Equities research analysts predict that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, Director Steven Sterin sold 38,636 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the transaction, the director directly owned 331,295 shares in the company, valued at $904,435.35. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director directly owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. This represents a 22.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 125,568 shares of company stock valued at $342,801. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position 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 purchasing an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $634,000 after buying an additional 12,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kosmos Energy by 21.1% during 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 valued at $5,793,000 after acquiring an additional 443,384 shares during the period. Strs Ohio acquired a new position in shares of Kosmos Energy during the first quarter valued at $120,000. Finally, Rhumbline Advisers grew its position in shares of Kosmos Energy by 7.9% during the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock worth $1,237,000 after acquiring an additional 52,750 shares during the last quarter. 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.