Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant Sells 27,923 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 27,923 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director now owns 29,921 shares of the company’s stock, valued at $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kosmos Energy Trading Up 8.2%

Shares of Kosmos Energy stock opened at $1.91 on Friday. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $5.97. The stock’s 50-day simple moving average is $1.73 and its 200 day simple moving average is $2.65. The stock has a market capitalization of $910.61 million, a P/E ratio of 4.33, a P/E/G ratio of 5.24 and a beta of 1.44. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. As a group, research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock valued at $67,000 after buying an additional 3,932 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Kosmos Energy by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock valued at $155,000 after buying an additional 4,381 shares during the period. New York State Common Retirement Fund increased its position in shares of Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after buying an additional 6,300 shares during the period. Xponance Inc. increased its position in shares of Kosmos Energy by 21.1% during the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 6,460 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Kosmos Energy by 17.0% during the first quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 6,649 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on KOS. Wall Street Zen raised Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Benchmark restated a “hold” rating on shares of Kosmos Energy in a research note on Thursday. The Goldman Sachs Group lowered their price objective on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Finally, Mizuho lowered their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.93.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.