Kosmos Energy (NYSE:KOS) Shares Gap Down – Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.37, but opened at $1.30. Kosmos Energy shares last traded at $1.3250, with a volume of 1,890,642 shares traded.

Wall Street Analyst Weigh In

KOS has been the subject of a number of research analyst reports. Clarkson Capital started coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Thursday, November 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Mizuho decreased their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Stephens initiated coverage on Kosmos Energy in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.07.

Kosmos Energy Trading Down 4.0%

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The company has a fifty day moving average of $1.60 and a 200-day moving average of $1.79. The firm has a market capitalization of $629.00 million, a PE ratio of -3.98 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $311.23 million during the quarter, compared to analysts’ expectations of $360.82 million. On average, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Kosmos Energy by 11.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock valued at $17,750,000 after acquiring an additional 815,582 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Kosmos Energy by 26.8% during the first quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock valued at $12,129,000 after purchasing an additional 1,125,724 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Kosmos Energy during the first quarter valued at approximately $3,749,000. Raymond James Financial Inc. raised its position in shares of Kosmos Energy by 220.1% in the first quarter. Raymond James Financial Inc. now owns 1,917,488 shares of the oil and gas producer’s stock valued at $4,372,000 after purchasing an additional 1,318,383 shares during the period. Finally, Nantahala Capital Management LLC acquired a new stake in shares of Kosmos Energy in the first quarter worth $3,914,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

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.