Kosmos Energy Ltd. (NYSE:KOS) Receives Average Rating of “Reduce” from Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned an average rating of “Reduce” from the nine brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $2.5286.

A number of equities research analysts have commented on KOS shares. Stephens reduced their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 43,466 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were 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 $224,709.03. The trade was a 34.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 the company’s stock in a transaction dated Thursday, May 28th. 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 owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Kosmos Energy

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

Kosmos Energy Stock Performance

Shares of KOS opened at $2.54 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. The stock has a 50-day moving average of $2.42 and a 200-day moving average of $2.47. The company has a market cap of $1.51 billion, a PE ratio of -2.13, a P/E/G ratio of 0.19 and a beta of 0.72. Kosmos Energy has a one year low of $0.84 and a one year high of $3.34.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The business had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. On average, equities research analysts predict that Kosmos Energy will post 0.45 EPS for the current fiscal year.

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.