Insider Selling: Kosmos Energy CFO Sells 200,000 Shares of Stock (KOS)
Kosmos Energy (NYSE:KOS) CFO W Greg Dunlevy sold 200,000 shares of Kosmos Energy stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $11.01, for a total value of $2,202,000.00. Following the transaction, the chief financial officer now directly owns 5,972,115 shares of the company’s stock, valued at approximately $65,752,986. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on KOS shares. Analysts at Global Hunter Securities downgraded shares of Kosmos Energy from an “accumulate” rating to a “neutral” rating in a research note on Tuesday, June 3rd. 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. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.70.
Kosmos Energy (NYSE:KOS) traded up 0.90% during mid-day trading on Thursday, hitting $11.20. 799,858 shares of the company’s stock traded hands. Kosmos Energy has a 52-week low of $9.71 and a 52-week high of $11.60. The stock has a 50-day moving average of $10.52 and a 200-day moving average of $10.73. The company’s market cap is $4.232 billion.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data 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.
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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