Kosmos Energy (NYSE:KOS) Stock Falls 14.7% – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares dropped 14.7% during mid-day trading on Wednesday. The company traded as low as $2.21 and last traded at $2.21. 15,126,893 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 18,374,898 shares. The stock had previously closed at $2.59.

Wall Street Analyst Weigh In

KOS has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group cut shares of Kosmos Energy from a “buy” rating to a “hold” rating and upped their target price for the company from $2.75 to $2.90 in a report on Wednesday, October 28th. Stephens dropped their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Friday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $2.37.

Kosmos Energy Trading Down 14.3%

The business has a 50-day moving average of $2.75 and a 200-day moving average of $2.51. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.22, a PEG ratio of 0.14 and a beta of 0.78. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The firm had revenue of $410.06 million during the quarter, compared to analysts’ expectations of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.73%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.57 EPS for the current year.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of KOS. M&G PLC boosted its stake in Kosmos Energy by 18.6% during the 3rd quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer’s stock worth $22,330,000 after purchasing an additional 1,381,605 shares during the period. Kestra Advisory Services LLC acquired a new position in Kosmos Energy in the third quarter valued at $28,000. WESPAC Advisors LLC acquired a new position in Kosmos Energy in the third quarter valued at $907,000. Verdence Capital Advisors LLC increased its stake in Kosmos Energy by 15.5% in the third quarter. Verdence Capital Advisors LLC now owns 397,775 shares of the oil and gas producer’s stock valued at $1,010,000 after purchasing an additional 53,496 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Kosmos Energy by 52.2% in the third quarter. Inspire Investing LLC now owns 496,529 shares of the oil and gas producer’s stock valued at $1,261,000 after buying an additional 170,398 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.