Kosmos Energy Ltd (NYSE:KOS) saw some unusual options trading activity on Thursday. Investors purchased 2,471 call options on the company. This represents an increase of approximately 1,304% compared to the average daily volume of 176 call options.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the transaction, the director now owns 65,191 shares in the company, valued at approximately $558,686.87. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new stake in shares of Kosmos Energy during the 3rd quarter worth about $118,000. State of Alaska Department of Revenue acquired a new stake in shares of Kosmos Energy during the 4th quarter worth about $114,000. JPMorgan Chase & Co. increased its position in shares of Kosmos Energy by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after purchasing an additional 7,144 shares in the last quarter. Comerica Bank increased its position in shares of Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares in the last quarter. Finally, QS Investors LLC increased its position in shares of Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 15,000 shares in the last quarter.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The company’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. analysts expect that Kosmos Energy will post -0.33 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on KOS shares. Jefferies Group cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 6th. Barclays increased their price objective on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Finally, BMO Capital Markets set a $11.00 price objective on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $9.45.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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