Analysts Set Kosmos Energy Ltd. (NYSE:KOS) PT at $2.53

Kosmos Energy Ltd. (NYSE:KOS) has received a consensus recommendation of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Four investment 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $2.5286.

A number of brokerages recently weighed in on KOS. Stephens reduced their target price 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. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen raised Kosmos Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd.

Insider Activity at Kosmos Energy

In other news, SVP Josh R. Marion sold 24,969 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the completion of the sale, the senior vice president owned 233,404 shares of the company’s stock, valued at $478,478.20. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $94,259.00. Following the completion of the sale, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at approximately $3,967,590.50. This trade represents a 2.32% 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. In the last 90 days, insiders have sold 169,012 shares of company stock worth $346,475. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of KOS. Corient Private Wealth LP acquired a new stake in Kosmos Energy in the second quarter valued at approximately $61,000. Amundi lifted its position in shares of Kosmos Energy by 31.9% during 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 in the last quarter. California State Teachers Retirement System boosted its stake in shares of Kosmos Energy by 131.3% in the second quarter. California State Teachers Retirement System now owns 1,535,666 shares of the oil and gas producer’s stock valued at $3,240,000 after purchasing an additional 871,749 shares during the period. HB Wealth Management LLC purchased a new position in shares of Kosmos Energy in the second quarter valued at $34,000. Finally, AXQ Capital LP grew 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 purchasing an additional 156,708 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $2.79 on Thursday. Kosmos Energy has a one year low of $0.84 and a one year high of $3.34. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. The company has a 50 day moving average price of $2.53 and a 200 day moving average price of $2.62. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -2.34, a price-to-earnings-growth ratio of 0.21 and a beta of 0.73.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The company had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. Sell-side analysts anticipate that Kosmos Energy will post 0.45 EPS for the current year.

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.