Insider Selling: William S. Hayes Sells 35,000 Shares of Kosmos Energy Stock (KOS)
Kosmos Energy (NYSE:KOS) SVP William S. Hayes sold 35,000 shares of Kosmos Energy stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.32, for a total value of $361,200.00. Following the completion of the sale, the senior vice president now directly owns 1,263,741 shares in the company, valued at approximately $13,041,807. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kosmos Energy (NYSE:KOS) traded down 0.39% during mid-day trading on Tuesday, hitting $10.26. The stock had a trading volume of 1,033,606 shares. Kosmos Energy has a 1-year low of $9.71 and a 1-year high of $11.60. The stock’s 50-day moving average is $10.64 and its 200-day moving average is $10.74. The company’s market cap is $3.877 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.15.
A number of research firms have recently commented on KOS. Analysts at Global Hunter Securities downgraded shares of Kosmos Energy from an “accumulate” rating to a “neutral” rating in a research note on Tuesday. They now have a $11.00 price target on the stock, down previously from $12.50. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of Kosmos Energy in a research note on Wednesday, May 14th. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at TheStreet upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Kosmos Energy currently has a consensus rating of “Buy” and an average target price of $12.70.
Kosmos Energy, Ltd. operates as an oil exploration and production company. The Company engages in the exploration, development, and production of oil and natural gas in Africa.
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