Kosmos Energy (NYSE:KOS) Director Sells $105,476.28 in Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Steven Sterin sold 38,636 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $105,476.28. Following the sale, the director owned 331,295 shares in the company, valued at approximately $904,435.35. The trade was a 10.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $2.80 on Monday. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.34. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock’s 50-day moving average is $2.86 and its 200 day moving average is $1.95. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -1.67, a PEG ratio of 0.42 and a beta of 0.68.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) 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 for the quarter, compared to the consensus estimate of $405.21 million. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

KOS has been the topic of several recent research reports. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Wednesday, March 25th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Kosmos Energy presently has a consensus rating of “Reduce” and an average target price of $2.44.

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.