Kosmos Energy (NYSE:KOS) Shares Gap Down – Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Wednesday . The stock had previously closed at $3.03, but opened at $2.60. Kosmos Energy shares last traded at $2.68, with a volume of 9,534,266 shares.

Wall Street Analyst Weigh In

KOS has been the topic of a number of recent research reports. Sanford C. Bernstein cut their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. The Goldman Sachs Group increased their target price on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, March 25th. Mizuho cut their target price on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.19.

Kosmos Energy Stock Performance

The stock has a market capitalization of $1.33 billion, a PE ratio of -1.90, a PEG ratio of 0.44 and a beta of 0.65. The business has a 50 day moving average price of $2.23 and a 200 day moving average price of $1.63. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.75 and a quick ratio of 0.45.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) EPS for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. The business had revenue of $294.62 million for the quarter. As a group, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, Director Adebayo O. Ogunlesi acquired 3,157,895 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the transaction, the director directly owned 4,974,184 shares of the company’s stock, valued at approximately $9,450,949.60. This represents a 173.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nealesh D. Shah acquired 157,894 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $1.90 per share, for a total transaction of $299,998.60. Following the completion of the transaction, the chief financial officer directly owned 1,863,061 shares of the company’s stock, valued at $3,539,815.90. The trade was a 9.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. 1.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its position in shares of Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 13,854 shares during the last quarter. Old Port Advisors purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $27,000. Cibc World Markets Corp purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $28,000. Public Employees Retirement System of Ohio boosted its position in Kosmos Energy by 35.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 11,209 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 7,169 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.