Stephens Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its price objective cut by analysts at Stephens from $3.00 to $2.40 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the oil and gas producer’s stock. Stephens’ price objective suggests a potential downside of 9.43% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group downgraded 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. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, March 25th. Mizuho reissued an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of 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, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kosmos Energy has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Stock Performance

NYSE:KOS opened at $2.65 on Tuesday. The company has a fifty day simple moving average of $2.58 and a two-hundred day simple moving average of $2.31. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -1.58, a price-to-earnings-growth ratio of 0.28 and a beta of 0.71. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. Kosmos Energy has a 52 week low of $0.84 and a 52 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 (EPS) 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 anticipate that Kosmos Energy will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In related news, CFO Nealesh D. Shah sold 45,980 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $94,259.00. Following the completion of the sale, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the transaction, the director directly owned 331,295 shares of the company’s stock, valued at $904,435.35. This trade represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new position in shares of Kosmos Energy in the 2nd quarter valued at $138,000. Militia Capital Management LLC purchased a new stake in Kosmos Energy in the first quarter valued at $70,000. Parallel Advisors LLC boosted its stake in Kosmos Energy by 106.5% in the first quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock valued at $70,000 after acquiring an additional 13,031 shares in the last quarter. Caerus Investment Advisors LLC purchased a new position in shares of Kosmos Energy during the first quarter worth about $31,000. Finally, Bank of America Corp DE increased its position in shares of 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 purchasing an additional 689,800 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.