Kosmos Energy (NYSE:KOS) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Kosmos Energy (NYSE:KOS) issued its quarterly earnings results on Monday. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02), FiscalAI reports. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%.The business had revenue of $294.62 million during the quarter, compared to analyst estimates of $323.46 million.

Kosmos Energy Stock Up 5.2%

NYSE KOS opened at $2.32 on Monday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. The business has a fifty day moving average price of $1.37 and a 200 day moving average price of $1.46. Kosmos Energy has a one year low of $0.84 and a one year high of $2.83. The company has a market cap of $1.11 billion, a P/E ratio of -3.40 and a beta of 0.76.

Wall Street Analyst Weigh In

Several brokerages recently commented on KOS. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th. Johnson Rice lowered Kosmos Energy from a “buy” rating to an “accumulate” rating and reduced their target price for the stock from $4.50 to $3.50 in a research note on Friday, December 5th. Bank of America reissued an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Mizuho decreased their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.08.

Insider Buying and Selling

In other Kosmos Energy news, SVP Josh R. Marion sold 19,656 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the transaction, the senior vice president owned 197,409 shares of the company’s stock, valued at approximately $270,450.33. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew G. Inglis sold 44,628 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $1.42, for a total value of $63,371.76. Following the completion of the sale, the chief executive officer directly owned 4,227,017 shares of the company’s stock, valued at $6,002,364.14. This trade represents a 1.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 272,844 shares of company stock valued at $377,592 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Kosmos Energy in the 4th quarter valued at approximately $28,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Kosmos Energy by 35.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 11,209 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of Kosmos Energy by 30.3% during 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 during the period. Finally, Parallel Advisors LLC boosted its position in shares of Kosmos Energy by 41.0% during the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 7,169 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.