Andrew Inglis Sells 85,935 Shares of Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew Inglis sold 85,935 shares of the firm’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 transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Stock Performance

Shares of Kosmos Energy stock traded up $0.01 during trading hours on Monday, hitting $2.08. 14,882,802 shares of the company were exchanged, compared to its average volume of 21,167,539. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The business has a 50-day moving average of $2.75 and a 200-day moving average of $2.18. Kosmos Energy Ltd. has a 1 year low of $0.84 and a 1 year high of $3.34. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -1.24, a P/E/G ratio of 0.24 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. As a group, analysts expect that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in KOS. Public Employees Retirement System of Ohio increased its holdings in Kosmos Energy by 10.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after acquiring an additional 4,361 shares in the last quarter. Parallel Advisors LLC grew 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 last quarter. Orion Porfolio Solutions LLC increased its stake 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 worth $99,000 after purchasing an additional 9,159 shares in the last quarter. SmartHarvest Portfolios LLC increased 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 in the last quarter. Finally, Equitable Holdings Inc. raised its position in shares of Kosmos Energy by 30.3% during the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 10,598 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KOS shares. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a report on Thursday, April 9th. Mizuho reiterated an “underperform” rating and issued a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price for the company in a report on Wednesday, March 25th. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $2.44.

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.