Insider Selling: William S. Hayes Unloads 16,000 Shares of Kosmos Energy Stock (KOS)
Kosmos Energy (NYSE:KOS) SVP William S. Hayes unloaded 16,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $9.50, for a total transaction of $152,000.00. Following the sale, the senior vice president now directly owns 1,240,503 shares of the company’s stock, valued at approximately $11,784,779. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Kosmos Energy (NYSE:KOS) traded down 2.38% during mid-day trading on Tuesday, hitting $9.45. 1,824,316 shares of the company’s stock traded hands. Kosmos Energy has a 52 week low of $9.24 and a 52 week high of $11.60. The stock’s 50-day moving average is $10.4 and its 200-day moving average is $10.59. The company’s market cap is $3.571 billion.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.04. The company had revenue of $329.36 million for the quarter, compared to the consensus estimate of $193.78 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Kosmos Energy from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $12.10 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Kosmos Energy presently has an average rating of “Buy” and an average price target of $12.71.
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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