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

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down prior to trading on Monday . The stock had previously closed at $2.87, but opened at $2.72. Kosmos Energy shares last traded at $2.62, with a volume of 2,168,907 shares.

Wall Street Analysts Forecast Growth

KOS has been the subject of several research analyst reports. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a report on Thursday, April 9th. Johnson Rice upgraded 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. Mizuho reiterated an “underperform” rating and set a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and a consensus price target of $2.44.

Kosmos Energy Trading Down 9.4%

The business has a fifty day simple moving average of $2.88 and a 200-day simple moving average of $2.06. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -1.55, a PEG ratio of 0.43 and a beta of 0.68.

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

Insider Activity

In other news, Director Steven Sterin sold 38,636 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the sale, the director owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Douglas Kelso Grant sold 43,466 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director directly owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. The trade was a 34.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 125,568 shares of company stock valued at $342,801. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently made changes to their positions in KOS. 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 valued at $26,000 after purchasing an additional 13,854 shares in the last quarter. Old Port Advisors bought a new stake in shares of Kosmos Energy during the 4th quarter valued at about $27,000. Cibc World Markets Corp bought a new stake in shares of Kosmos Energy during the 4th quarter valued at about $28,000. Kestra Advisory Services LLC bought a new position in Kosmos Energy in the first quarter worth approximately $31,000. Finally, Caerus Investment Advisors LLC bought a new position in Kosmos Energy in the first quarter worth approximately $31,000. Institutional investors own 95.33% of the company’s stock.

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.