Kosmos Energy (NYSE:KOS) Shares Down 6.3% – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS) dropped 6.3% on Tuesday . The company traded as low as $2.84 and last traded at $2.84. Approximately 4,558,787 shares changed hands during trading, a decline of 80% from the average daily volume of 23,146,547 shares. The stock had previously closed at $3.03.

Analyst Ratings Changes

A number of brokerages recently commented on KOS. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday. 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. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, March 25th. Mizuho reaffirmed an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday. Finally, The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $2.44.

Kosmos Energy Trading Up 2.6%

The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -1.63, a PEG ratio of 0.40 and a beta of 0.72. The company’s 50 day moving average is $2.86 and its 200 day moving average is $1.94. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) 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%. On average, research analysts forecast that Kosmos Energy Ltd. will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In related news, Director Adebayo O. Ogunlesi acquired 3,157,895 shares of the stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the transaction, the director owned 4,974,184 shares of the company’s stock, valued at $9,450,949.60. The trade was a 173.87% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Michael Stice acquired 52,631 shares of the stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director directly owned 207,620 shares in the company, valued at approximately $394,478. This represents a 33.96% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 3,684,210 shares of company stock worth $6,999,999. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Captrust Financial Advisors boosted its position in shares of Kosmos Energy by 93.9% during the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 13,854 shares during the period. Old Port Advisors acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $27,000. Cibc World Markets Corp acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $28,000. Kestra Advisory Services LLC acquired a new position in shares of Kosmos Energy during the first quarter worth about $31,000. Finally, Abel Hall LLC acquired a new position in shares of Kosmos Energy during the first quarter worth about $36,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.