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

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the transaction, the director directly owned 82,311 shares of the company’s stock, valued at $224,709.03. This represents a 34.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.80 on Monday. The stock has a market capitalization of $1.66 billion, a PE 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 business has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $1.95. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. As a group, equities analysts predict that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently modified their holdings of KOS. Captrust Financial Advisors raised its holdings in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 13,854 shares in the last quarter. Old Port Advisors acquired a new position in shares of Kosmos Energy during the 4th quarter worth $27,000. Cibc World Markets Corp acquired a new position in shares of Kosmos Energy during the 4th quarter worth $28,000. Kestra Advisory Services LLC acquired a new position in shares of Kosmos Energy during the 1st quarter worth $31,000. Finally, Abel Hall LLC acquired a new position in shares of Kosmos Energy during the 1st quarter worth $36,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

KOS has been the subject of several analyst reports. The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a report on Thursday, April 9th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Mizuho reissued an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Finally, Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a report on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Kosmos Energy presently has an average rating of “Reduce” and an average price target of $2.44.

About Kosmos Energy

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.