Kosmos Energy (KOS) Trading Down 13.9%
Kosmos Energy Ltd. (NYSE:KOS) shares dropped 13.9% on Tuesday . The stock traded as low as $6.74 and last traded at $6.75. Approximately 9,027,977 shares were traded during trading, an increase of 252% from the average daily volume of 2,563,560 shares. The stock had previously closed at $7.84.
KOS has been the subject of several research reports. Zacks Investment Research cut shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. Barclays boosted their price objective on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Howard Weil raised shares of Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price objective for the company in a report on Thursday, October 26th. BNP Paribas began coverage on shares of Kosmos Energy in a research report on Friday, November 24th. They set an “outperform” rating for the company. Finally, Scotiabank upgraded shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Kosmos Energy has an average rating of “Hold” and a consensus price target of $9.55.
The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The business’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. sell-side analysts predict that Kosmos Energy Ltd. will post -0.34 EPS for the current year.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the transaction, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Kosmos Energy by 25.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,877,832 shares of the oil and gas producer’s stock valued at $54,747,000 after purchasing an additional 1,409,272 shares in the last quarter. GSA Capital Partners LLP raised its stake in Kosmos Energy by 84.4% during the third quarter. GSA Capital Partners LLP now owns 397,268 shares of the oil and gas producer’s stock valued at $3,162,000 after purchasing an additional 181,779 shares in the last quarter. California Public Employees Retirement System raised its stake in Kosmos Energy by 3.7% during the third quarter. California Public Employees Retirement System now owns 464,950 shares of the oil and gas producer’s stock valued at $3,701,000 after purchasing an additional 16,750 shares in the last quarter. Janus Henderson Group PLC raised its stake in Kosmos Energy by 39.9% during the third quarter. Janus Henderson Group PLC now owns 7,619,305 shares of the oil and gas producer’s stock valued at $60,613,000 after purchasing an additional 2,174,305 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Kosmos Energy during the third quarter valued at $666,000.
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About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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