Kosmos Energy (NYSE:KOS) Director Sells $118,662.18 in Stock

Kosmos Energy Ltd. (NYSE:KOS) 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 completion of the sale, the director directly owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. The trade was a 34.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Trading Up 2.2%

NYSE KOS traded up $0.06 during trading on Friday, hitting $2.80. The stock had a trading volume of 12,225,828 shares, compared to its average volume of 22,864,020. The stock has a 50 day simple moving average of $2.86 and a 200 day simple moving average of $1.94. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.34. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -1.67, a P/E/G ratio of 0.40 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. Sell-side analysts predict that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors have recently bought and sold shares of KOS. AQR Capital Management LLC increased its holdings in Kosmos Energy by 56.7% during the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 12,045 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after buying an additional 443,384 shares during the period. Strs Ohio purchased a new position in Kosmos Energy during the first quarter valued at approximately $120,000. Finally, Rhumbline Advisers grew its holdings in Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock worth $1,237,000 after purchasing an additional 52,750 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on KOS. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Finally, Johnson Rice raised shares of 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 research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of “Reduce” and an average target price of $2.44.

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.