Josh Marion Sells 24,969 Shares of Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) SVP Josh Marion sold 24,969 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 value of $51,186.45. Following the transaction, the senior vice president directly owned 233,404 shares of the company’s stock, valued at $478,478.20. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the SEC, 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.

Kosmos Energy Price Performance

Shares of KOS stock traded up $0.01 on Monday, hitting $2.08. 14,948,873 shares of the company’s stock were exchanged, compared to its average volume of 21,167,539. The company has a 50 day moving average of $2.75 and a 200 day moving average of $2.18. The stock has a market cap of $1.23 billion, a P/E ratio of -1.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. 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 Ltd. has a 12 month low of $0.84 and a 12 month high of $3.34.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data 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). 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. On average, equities research analysts predict that Kosmos Energy Ltd. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Mizuho reiterated an “underperform” rating and issued a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.44.

Trending Headlines about Kosmos Energy

Here are the key news stories impacting Kosmos Energy this week:

• Positive Sentiment: Kosmos issued an operational update showing strong first-half performance: the new Ghana J76 well is contributing about 20,000 barrels per day, Jubilee exited Q2 above 85,000 bopd, and the company expects J77 to push gross Jubilee production toward 90,000 bopd. Article title
• Positive Sentiment: The company said net debt fell by more than $400 million to about $2.56 billion, with liquidity above $500 million and plans to refinance its reserve-based lending facility, which supports the stock’s recent strength. Article title
• Positive Sentiment: GTA LNG also performed well, with nine cargoes lifted in Q2 at the top end of guidance, reinforcing expectations for solid near-term cash generation. Article title
• Neutral Sentiment: Kosmos completed the sale of its Equatorial Guinea assets to Panoro Energy, a portfolio simplification move that removed about 1,000 bopd from second-quarter guidance but should help the company focus on higher-priority assets. Article title
• Neutral Sentiment: Several executives, including the CEO, CFO, CAO and an SVP, sold shares under pre-arranged 10b5-1 plans to cover tax withholding tied to equity awards; these transactions are routine but may still weigh on sentiment. Article title

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Kosmos Energy by 10.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 4,361 shares during the last quarter. 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. Orion Porfolio Solutions LLC increased its position in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. SmartHarvest Portfolios LLC raised its stake in shares of Kosmos Energy by 73.0% during 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 during the period. Finally, Equitable Holdings Inc. boosted its holdings in shares of Kosmos Energy by 30.3% in the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 10,598 shares during the last quarter. Hedge funds and other 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.