Nealesh Shah Sells 45,980 Shares of Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh Shah sold 45,980 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $94,259.00. Following the completion of the transaction, the chief financial officer owned 1,935,410 shares in the company, valued at approximately $3,967,590.50. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

Kosmos Energy Stock Performance

NYSE:KOS traded up $0.01 during trading hours on Monday, reaching $2.08. The stock had a trading volume of 14,948,873 shares, compared to its average volume of 21,167,539. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. The stock has a 50 day simple moving average of $2.75 and a 200 day simple moving average of $2.18. Kosmos Energy Ltd. has a 12-month low of $0.84 and a 12-month high of $3.34. The stock has a market cap of $1.23 billion, a P/E ratio of -1.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The firm had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, research analysts forecast that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KOS. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research note on Thursday, April 9th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Kosmos Energy presently has an average rating of “Reduce” and a consensus target price of $2.44.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in shares of Kosmos Energy during the first quarter worth about $31,000. Caerus Investment Advisors LLC purchased a new stake in Kosmos Energy in the first quarter valued at approximately $31,000. Abel Hall LLC purchased a new stake in Kosmos Energy in the first quarter valued at approximately $36,000. KBC Group NV bought a new stake in Kosmos Energy during the first quarter valued at approximately $44,000. Finally, Baer Investment Advisory LLC purchased a new position in Kosmos Energy in the 1st quarter worth approximately $53,000. 95.33% of the stock is currently owned by institutional investors.

Key Kosmos Energy News

Here are the key news stories impacting Kosmos Energy this week:

• Positive Sentiment: Kosmos issued an operational update showing strong first-half performance: the new Ghana J76 well is contributing about 20,000 barrels per day, Jubilee exited Q2 above 85,000 bopd, and the company expects J77 to push gross Jubilee production toward 90,000 bopd. Article title
• Positive Sentiment: The company said net debt fell by more than $400 million to about $2.56 billion, with liquidity above $500 million and plans to refinance its reserve-based lending facility, which supports the stock’s recent strength. Article title
• Positive Sentiment: GTA LNG also performed well, with nine cargoes lifted in Q2 at the top end of guidance, reinforcing expectations for solid near-term cash generation. Article title
• Neutral Sentiment: Kosmos completed the sale of its Equatorial Guinea assets to Panoro Energy, a portfolio simplification move that removed about 1,000 bopd from second-quarter guidance but should help the company focus on higher-priority assets. Article title
• Neutral Sentiment: Several executives, including the CEO, CFO, CAO and an SVP, sold shares under pre-arranged 10b5-1 plans to cover tax withholding tied to equity awards; these transactions are routine but may still weigh on sentiment. Article title

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.