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

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped down before the market opened on Monday . The stock had previously closed at $2.84, but opened at $2.61. Kosmos Energy shares last traded at $2.77, with a volume of 7,081,350 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America restated an “underperform” rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the company from $4.50 to $3.50 in a research report on Friday, December 5th. The Goldman Sachs Group raised their price objective on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Finally, Sanford C. Bernstein cut their target price on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Stock Performance

The firm’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $1.53. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The firm has a market capitalization of $1.28 billion, a PE ratio of -1.82, a P/E/G ratio of 0.43 and a beta of 0.76.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, March 2nd. The oil and gas producer reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. The firm had revenue of $294.62 million during the quarter, compared to analysts’ expectations of $323.46 million. As a group, research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kosmos Energy news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of Kosmos Energy stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the completion of the acquisition, the director directly owned 4,974,184 shares of the company’s stock, valued at approximately $9,450,949.60. This trade represents a 173.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Michael Stice bought 52,631 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director owned 207,620 shares of the company’s stock, valued at $394,478. This trade represents a 33.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 3,684,210 shares of company stock valued at $6,999,999 and have sold 272,844 shares valued at $377,592. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. Blueshift Asset Management LLC acquired a new position in shares of Kosmos Energy in the 2nd quarter valued at about $27,000. Parallel Advisors LLC boosted its holdings in shares of Kosmos Energy by 41.0% during the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 7,169 shares during the period. Captrust Financial Advisors boosted its holdings 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 purchasing an additional 13,854 shares during the period. Caprock Group LLC purchased a new position in Kosmos Energy during the third quarter valued at approximately $53,000. Finally, Old Port Advisors acquired a new position in Kosmos Energy in the 4th quarter valued at approximately $27,000. 95.33% of the stock is currently 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.