Kosmos Energy Ltd. (NYSE:KOS) Given Consensus Rating of “Reduce” by Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given a consensus rating of “Reduce” by the nine brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $2.2214.

KOS has been the topic of several research reports. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, March 25th. Finally, The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a research report on Thursday, April 9th.

Kosmos Energy Price Performance

NYSE:KOS opened at $3.05 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The stock’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $1.91. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -1.82, a P/E/G ratio of 0.45 and a beta of 0.72. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.34.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The business had revenue of $370.73 million during the quarter, compared to the consensus estimate of $405.21 million. On average, analysts anticipate that Kosmos Energy will post 0.24 earnings per share for the current year.

Insider Transactions at Kosmos Energy

In other news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the transaction, the director owned 4,974,184 shares of the company’s stock, valued at $9,450,949.60. This trade represents a 173.87% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nealesh D. Shah bought 157,894 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $1.90 per share, for a total transaction of $299,998.60. Following the transaction, the chief financial officer directly owned 1,863,061 shares of the company’s stock, valued at $3,539,815.90. The trade was a 9.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 3,684,210 shares of company stock worth $6,999,999 over the last three months. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after buying an additional 689,800 shares in the last quarter. Amundi grew its position in Kosmos Energy by 97.4% during the first quarter. Amundi now owns 154,931 shares of the oil and gas producer’s stock worth $431,000 after buying an additional 76,442 shares in the last quarter. California State Teachers Retirement System grew its position in Kosmos Energy by 52.3% during the first quarter. California State Teachers Retirement System now owns 663,917 shares of the oil and gas producer’s stock worth $1,846,000 after buying an additional 227,978 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Kosmos Energy during the first quarter worth approximately $147,000. Finally, Renaissance Technologies LLC grew its position in Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock worth $14,844,000 after buying an additional 3,691,800 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.