Kosmos Energy (NYSE:KOS) Shares Gap Up – Time to Buy?

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped up before the market opened on Monday . The stock had previously closed at $2.33, but opened at $2.53. Kosmos Energy shares last traded at $2.3570, with a volume of 10,173,493 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on KOS. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. The Goldman Sachs Group lifted their target price on shares of Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Stephens assumed coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. Bank of America reiterated an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Finally, Mizuho cut their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.08.

Kosmos Energy Trading Down 7.9%

The firm has a market capitalization of $1.03 billion, a PE ratio of -3.20 and a beta of 0.76. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The business’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.46.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). The business had revenue of $294.62 million for the quarter, compared to analyst estimates of $323.46 million. Kosmos Energy had a negative net margin of 23.64% and a negative return on equity of 26.28%. As a group, analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Transactions at Kosmos Energy

In related news, CFO Nealesh D. Shah sold 24,690 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total value of $35,059.80. Following the completion of the transaction, the chief financial officer owned 1,705,167 shares of the company’s stock, valued at approximately $2,421,337.14. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Ronald W. Glass sold 19,285 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $26,420.45. Following the sale, the chief accounting officer directly owned 342,945 shares of the company’s stock, valued at $469,834.65. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 272,844 shares of company stock worth $377,592 over the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new position in shares of Kosmos Energy during the second quarter worth approximately $27,000. Ellevest Inc. acquired a new position in shares of Kosmos Energy in the second quarter valued at $34,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kosmos Energy in the second quarter valued at $42,000. Parallel Advisors LLC raised its position in shares of 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 valued at $41,000 after purchasing an additional 7,169 shares during the period. Finally, CWM LLC lifted its stake in shares of Kosmos Energy by 128.4% during the 2nd quarter. CWM LLC now owns 27,960 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 15,716 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

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.