Kosmos Energy (NYSE:KOS) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kosmos Energy (NYSE:KOS) posted its earnings results on Monday. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02), FiscalAI reports. The business had revenue of $294.62 million for the quarter, compared to analysts’ expectations of $323.46 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.

Kosmos Energy Stock Up 5.2%

Shares of NYSE:KOS opened at $2.32 on Monday. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $2.83. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The stock has a market cap of $1.11 billion, a P/E ratio of -3.40 and a beta of 0.76. The firm has a fifty day moving average price of $1.37 and a 200 day moving average price of $1.46.

Insider Buying and Selling at Kosmos Energy

In other news, SVP Josh R. Marion sold 19,656 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,928.72. Following the completion of the sale, the senior vice president directly owned 197,409 shares of the company’s stock, valued at approximately $270,450.33. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ronald W. Glass sold 19,285 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,420.45. Following the sale, the chief accounting officer owned 342,945 shares of the company’s stock, valued at $469,834.65. This trade represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 272,844 shares of company stock valued at $377,592 over the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KOS. Orion Porfolio Solutions LLC raised its stake in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 9,159 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Kosmos Energy by 145.4% during the second quarter. Tower Research Capital LLC TRC now owns 50,623 shares of the oil and gas producer’s stock worth $87,000 after acquiring an additional 29,991 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Kosmos Energy in the third quarter worth $84,000. DRW Securities LLC acquired a new stake in Kosmos Energy in the fourth quarter valued at $79,000. Finally, Amundi acquired a new stake in Kosmos Energy in the fourth quarter valued at $71,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KOS. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Mizuho dropped their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Bank of America reiterated an “underperform” rating and set a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their price objective for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Finally, The Goldman Sachs Group raised their price objective on 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.08.

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.