Kosmos Energy (NYSE:KOS) Stock Rating Upgraded by Wall Street Zen

Kosmos Energy (NYSE:KOS) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other analysts have also weighed in on KOS. Stephens decreased their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Trading Up 0.4%

Shares of NYSE KOS opened at $2.79 on Friday. The business’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.61. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34. The stock has a market capitalization of $1.66 billion, a P/E ratio of -2.34, a PEG ratio of 0.21 and a beta of 0.73.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. As a group, research analysts expect that Kosmos Energy will post 0.45 EPS for the current year.

Insider Activity

In related news, CEO Andrew G. Inglis sold 85,935 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 4,678,043 shares in the company, valued at $9,589,988.15. The trade was a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, SVP Josh R. Marion sold 24,969 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president owned 233,404 shares of the company’s stock, valued at approximately $478,478.20. The trade was a 9.66% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 169,012 shares of company stock valued at $346,475. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP purchased a new stake in shares of Kosmos Energy during the second quarter valued at $61,000. Amundi grew its holdings in shares of Kosmos Energy by 31.9% in the second quarter. Amundi now owns 204,319 shares of the oil and gas producer’s stock worth $431,000 after purchasing an additional 49,388 shares during the last quarter. California State Teachers Retirement System increased its stake in Kosmos Energy by 131.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,535,666 shares of the oil and gas producer’s stock worth $3,240,000 after buying an additional 871,749 shares during the period. HB Wealth Management LLC purchased a new position in Kosmos Energy in the 2nd quarter worth about $34,000. Finally, AXQ Capital LP lifted its holdings in Kosmos Energy by 86.6% during the 2nd quarter. AXQ Capital LP now owns 337,762 shares of the oil and gas producer’s stock valued at $713,000 after buying an additional 156,708 shares in the last quarter. 95.33% of the stock is currently owned by 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.