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

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.4357.

A number of research firms have weighed in on KOS. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a report on Thursday, April 9th. Mizuho reaffirmed an “underperform” rating and set a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th.

Kosmos Energy Price Performance

KOS stock opened at $2.45 on Friday. 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 firm has a market capitalization of $1.45 billion, a PE ratio of -1.46, a PEG ratio of 0.37 and a beta of 0.68. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34. The stock has a 50-day simple moving average of $2.84 and a two-hundred day simple moving average of $2.10.

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

Insider Transactions at Kosmos Energy

In other news, Director Roy A. Franklin sold 43,466 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. The trade was a 22.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Douglas Kelso Grant sold 43,466 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director directly owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. This represents a 34.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 125,568 shares of company stock valued at $342,801. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its stake in Kosmos Energy by 34.1% in the third quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock worth $4,561,000 after buying an additional 698,740 shares in the last quarter. Dalton Investments Inc. purchased a new stake in Kosmos Energy in the fourth quarter worth approximately $454,000. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 9.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 19,469,980 shares of the oil and gas producer’s stock worth $17,667,000 after buying an additional 1,689,500 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Kosmos Energy by 40.5% in the third quarter. Rafferty Asset Management LLC now owns 738,806 shares of the oil and gas producer’s stock worth $1,226,000 after buying an additional 212,970 shares in the last quarter. Finally, SmartHarvest Portfolios LLC boosted its stake in Kosmos Energy by 73.0% in the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 10,050 shares in the last quarter. Hedge funds and other institutional investors 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.