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

Kosmos Energy Ltd. (NYSE:KOS) has earned a consensus recommendation of “Reduce” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $2.4357.

A number of brokerages have weighed in on KOS. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Mizuho reiterated 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 cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th.

Kosmos Energy Price Performance

NYSE:KOS opened at $2.48 on Wednesday. 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 company has a 50 day moving average price of $2.65 and a 200-day moving average price of $2.25. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -1.48, a price-to-earnings-growth ratio of 0.28 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results 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 return on equity of 37.60% and a negative net margin of 59.38%.The firm had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Equities research analysts forecast that Kosmos Energy will post 0.29 EPS for the current year.

Insider Transactions at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 85,935 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the sale, the chief executive officer owned 4,678,043 shares of the company’s stock, valued at approximately $9,589,988.15. The trade was a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Roy A. Franklin sold 43,466 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director owned 150,722 shares of the company’s stock, valued at $411,471.06. This represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 294,580 shares of company stock worth $689,275 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Equinox Partners Investment Management LLC boosted its stake in shares of Kosmos Energy by 6.2% in the first quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after acquiring an additional 1,208,053 shares during the last quarter. Dalton Investments Inc. acquired a new position in Kosmos Energy in the 4th quarter valued at $454,000. SG Americas Securities LLC lifted its holdings in Kosmos Energy by 494.9% in the 1st quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock valued at $2,010,000 after purchasing an additional 601,368 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Kosmos Energy in the fourth quarter worth about $188,000. Finally, SmartHarvest Portfolios LLC lifted its stake in shares of 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. 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.