Insider Selling: Kosmos Energy Insider Sells 20,637 Shares of Stock (KOS)
Kosmos Energy (NYSE:KOS) Insider Brian F. Maxted sold 20,637 shares of Kosmos Energy stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $11.00, for a total transaction of $227,007.00. Following the completion of the sale, the insider now directly owns 2,256,998 shares of the company’s stock, valued at approximately $24,826,978. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kosmos Energy (NYSE:KOS) traded up 0.90% on Thursday, hitting $11.20. The stock had a trading volume of 799,858 shares. Kosmos Energy has a 52-week low of $9.71 and a 52-week high of $11.60. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $10.73. The company’s market cap is $4.232 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.15.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Kosmos Energy currently has a consensus rating of “Hold” 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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