Kosmos Energy (NYSE:KOS) Shares Gap Up – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.21, but opened at $2.30. Kosmos Energy shares last traded at $2.23, with a volume of 2,665,838 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KOS. The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, March 25th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Stock Down 4.8%

The company’s 50 day simple moving average is $2.69 and its 200-day simple moving average is $2.22. 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 firm has a market capitalization of $1.29 billion, a PE ratio of -1.30, a PEG ratio of 0.26 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last released 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, analysts forecast that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, SVP Josh R. Marion sold 24,969 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the sale, the senior vice president owned 233,404 shares of the company’s stock, valued at $478,478.20. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the sale, the director owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 294,580 shares of company stock valued at $689,275 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 6.2% in the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after buying an additional 1,208,053 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kosmos Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock valued at $23,772,000 after buying an additional 286,593 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after acquiring an additional 1,962,936 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kosmos Energy by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock worth $10,230,000 after acquiring an additional 832,029 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Kosmos Energy by 3.0% during the 3rd quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock worth $16,439,000 after acquiring an additional 289,626 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.