Kosmos Energy (NYSE:KOS) Director Sells $118,662.18 in Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Roy Franklin sold 43,466 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 150,722 shares in the company, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Performance

NYSE KOS opened at $2.80 on Monday. The firm has a market cap of $1.66 billion, a P/E ratio of -1.67, a P/E/G ratio of 0.42 and a beta of 0.68. 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. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.34.

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

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. AQR Capital Management LLC raised its position in Kosmos Energy by 56.7% in the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 140,261 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kosmos Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 12,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kosmos Energy by 21.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after buying an additional 443,384 shares during the last quarter. Strs Ohio acquired a new stake in Kosmos Energy in the 1st quarter valued at approximately $120,000. Finally, Rhumbline Advisers raised its position in Kosmos Energy by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after buying an additional 52,750 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analysts Forecast Growth

KOS has been the topic of a number of research analyst reports. 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 price target on the stock in a research report on Wednesday, March 25th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Mizuho reaffirmed an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Finally, 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 research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target 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.