Insider Selling: W Greg Dunlevy Sells 113,827 Shares of Kosmos Energy Stock (KOS)
Kosmos Energy (NYSE:KOS) CFO W Greg Dunlevy sold 113,827 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $11.14, for a total value of $1,268,032.78. Following the transaction, the chief financial officer now directly owns 5,896,231 shares in the company, valued at approximately $65,684,013. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Kosmos Energy (NYSE:KOS) traded down 0.80% during mid-day trading on Monday, hitting $11.11. The stock had a trading volume of 634,526 shares. Kosmos Energy has a 1-year low of $9.71 and a 1-year high of $11.60. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $10.72. The company’s market cap is $4.198 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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, 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 five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target 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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