Insider Selling: Kosmos Energy (NYSE:KOS) Director Sells 43,466 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Roy Franklin sold 43,466 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the sale, the director directly owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Trading Up 2.2%

Shares of Kosmos Energy stock traded up $0.06 during mid-day trading on Friday, hitting $2.80. The stock had a trading volume of 12,225,828 shares, compared to its average volume of 22,864,020. The firm has a 50-day moving average of $2.86 and a two-hundred day moving average of $1.94. Kosmos Energy Ltd. has a 12-month low of $0.84 and a 12-month high of $3.34. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The firm has a market cap of $1.66 billion, a P/E ratio of -1.67, a price-to-earnings-growth ratio of 0.40 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The firm had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Sell-side analysts forecast that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the period. Old Port Advisors purchased a new position in shares of Kosmos Energy during the 4th quarter worth approximately $27,000. Cibc World Markets Corp purchased a new position in shares of Kosmos Energy during the 4th quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new position in shares of Kosmos Energy during the 1st quarter worth approximately $31,000. Finally, Abel Hall LLC purchased a new position in shares of Kosmos Energy during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.