Kosmos Energy (NYSE:KOS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.15 and traded as high as $2.22. Kosmos Energy shares last traded at $2.09, with a volume of 16,442,174 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. 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 research report on Thursday, April 9th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. 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 research note on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Kosmos Energy presently has a consensus rating of “Reduce” and an average price target of $2.44.

Kosmos Energy Price Performance

The stock has a market capitalization of $1.24 billion, a PE ratio of -1.24, a P/E/G ratio of 0.25 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 firm’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $2.15.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $405.21 million. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Douglas Kelso Grant sold 43,466 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director directly owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. This trade represents a 34.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Kosmos Energy stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the transaction, the director owned 331,295 shares in the company, valued at approximately $904,435.35. This represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 125,568 shares of company stock valued at $342,801 over the last three months. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in Kosmos Energy by 10.2% in the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock worth $130,000 after acquiring an additional 4,361 shares during the period. Parallel Advisors LLC increased its position in Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 7,169 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Kosmos Energy by 18.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares in the last quarter. SmartHarvest Portfolios LLC raised its holdings in Kosmos Energy by 73.0% in the 1st quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 10,050 shares in the last quarter. Finally, Equitable Holdings Inc. raised its holdings in Kosmos Energy by 30.3% in the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 10,598 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.