Kosmos Energy (NYSE:KOS) Stock Price Down 12.1% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) shares fell 12.1% during trading on Thursday . The company traded as low as $1.32 and last traded at $1.3450. 5,376,554 shares were traded during mid-day trading, a decline of 72% from the average session volume of 19,411,645 shares. The stock had previously closed at $1.53.

Analysts Set New Price Targets

A number of brokerages have recently commented on KOS. Bank of America reiterated an “underperform” rating and issued a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Stephens assumed coverage on Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price on the stock. Mizuho decreased their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. The Goldman Sachs Group boosted their target price on shares of Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Johnson Rice lowered shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and reduced their price target for the company from $4.50 to $3.50 in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.08.

Kosmos Energy Stock Down 13.4%

The firm has a market capitalization of $633.79 million, a price-to-earnings ratio of -1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.52 and a quick ratio of 0.29. The business has a fifty day moving average price of $1.11 and a two-hundred day moving average price of $1.48.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. The firm had revenue of $310.96 million during the quarter, compared to analysts’ expectations of $360.82 million. On average, equities analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

Several large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Kosmos Energy by 27.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 153,669 shares of the oil and gas producer’s stock worth $139,000 after purchasing an additional 33,520 shares in the last quarter. GF Fund Management CO. LTD. boosted its holdings in shares of Kosmos Energy by 10.9% during the 4th quarter. GF Fund Management CO. LTD. now owns 143,809 shares of the oil and gas producer’s stock worth $130,000 after purchasing an additional 14,151 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Kosmos Energy by 9.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 245,034 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 21,895 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Kosmos Energy by 119.7% in the 4th quarter. SG Americas Securities LLC now owns 121,523 shares of the oil and gas producer’s stock valued at $110,000 after buying an additional 66,218 shares during the period. Finally, Old Port Advisors acquired a new position in shares of Kosmos Energy in the 4th quarter valued at $27,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.