Kosmos Energy (NYSE:KOS) Shares Gap Down – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down before the market opened on Monday . The stock had previously closed at $2.63, but opened at $2.44. Kosmos Energy shares last traded at $2.52, with a volume of 2,103,143 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KOS. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research note on Thursday, April 9th. Stephens reduced their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Mizuho restated 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. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Stock Performance

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -1.46, a PEG ratio of 0.30 and a beta of 0.71. The firm has a 50 day moving average price of $2.56 and a 200-day moving average price of $2.33. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36.

Kosmos Energy (NYSE:KOS) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The company had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the transaction, the director owned 150,722 shares in the company, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the transaction, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 294,580 shares of company stock worth $689,275. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Kosmos Energy in the 2nd quarter valued at approximately $138,000. Militia Capital Management LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter worth $70,000. Parallel Advisors LLC lifted its position in shares of Kosmos Energy by 106.5% during the 1st quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock worth $70,000 after purchasing an additional 13,031 shares during the last quarter. Caerus Investment Advisors LLC acquired a new position in shares of Kosmos Energy during the first quarter worth $31,000. Finally, Bank of America Corp DE grew its stake in shares of Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after purchasing an additional 689,800 shares in the last quarter. Institutional investors and hedge funds 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.