Kosmos Energy Insider Unloads $74,250 in Stock (KOS)
Kosmos Energy (NYSE:KOS) Insider Brian F. Maxted sold 6,600 shares of the company’s stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $11.25, for a total value of $74,250.00. Following the completion of the transaction, the insider now directly owns 2,352,236 shares in the company, valued at approximately $26,462,655. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Kosmos Energy (NYSE:KOS) traded up 0.18% on Monday, hitting $11.23. The stock had a trading volume of 668,202 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 $10.62 and its 200-day moving average is $10.73. The company’s market cap is $4.244 billion.
Kosmos Energy (NYSE:KOS) last released its 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.
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 five have assigned a buy rating to the company. Kosmos Energy 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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