Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $2.44

Kosmos Energy Ltd. (NYSE:KOS) has received an average recommendation of “Reduce” from the nine ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $2.4357.

A number of brokerages have recently weighed in on KOS. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a research report on Thursday, April 9th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Mizuho reissued an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $2.23 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The firm has a market cap of $1.32 billion, a P/E ratio of -1.33, a P/E/G ratio of 0.26 and a beta of 0.71. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34. The firm has a 50-day moving average of $2.61 and a 200-day moving average of $2.28.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business 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%. Sell-side analysts expect that Kosmos Energy will post 0.29 EPS for the current year.

Insider Buying and Selling

In related news, Director Steven Sterin sold 38,636 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the transaction, the director directly owned 331,295 shares of the company’s stock, valued at $904,435.35. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew G. Inglis sold 85,935 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 transaction of $176,166.75. Following the completion of the sale, the chief executive officer owned 4,678,043 shares of the company’s stock, valued at $9,589,988.15. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 294,580 shares of company stock valued at $689,275 over the last quarter. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KOS. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 6.2% during the first 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 acquiring an additional 1,208,053 shares in the last quarter. Dalton Investments Inc. bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $454,000. SG Americas Securities LLC increased its stake in shares of Kosmos Energy by 494.9% during the first quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock valued at $2,010,000 after purchasing an additional 601,368 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $188,000. Finally, SmartHarvest Portfolios LLC boosted its position in shares of Kosmos Energy by 73.0% in the 1st quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 10,050 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

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.