Insider Selling: Brian F. Maxted Unloads 9,275 Shares of Kosmos Energy Stock (KOS)
Kosmos Energy (NYSE:KOS) Insider Brian F. Maxted unloaded 9,275 shares of Kosmos Energy stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $11.25, for a total transaction of $104,343.75. Following the completion of the sale, the insider now directly owns 2,256,998 shares in the company, valued at approximately $25,391,228. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Kosmos Energy (NYSE:KOS) traded down 0.80% during mid-day trading on Monday, hitting $11.11. 634,526 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’s 50-day moving average is $10.53 and its 200-day moving average is $10.72. The company’s market cap is $4.198 billion.
Kosmos Energy (NYSE:KOS) last announced its 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.
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 five have assigned a buy rating to the company’s stock. Kosmos Energy has a consensus rating of “Hold” and a consensus target price of $12.56.
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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