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

Kosmos Energy Ltd. (NYSE:KOS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $1.58, but opened at $1.49. Kosmos Energy shares last traded at $1.4750, with a volume of 4,111,468 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on KOS shares. Clarkson Capital started coverage on shares of Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 price target for the company. Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price objective for the company from $4.50 to $3.50 in a research report on Friday, December 5th. Bank of America reiterated an “underperform” rating and set a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. The Goldman Sachs Group upped their price objective on Kosmos Energy from $1.75 to $2.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Two research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.29 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $736.44 million, a P/E ratio of -2.26 and a beta of 0.90. The company has a 50 day moving average price of $1.11 and a 200 day moving average price of $1.48.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Tuesday, November 4th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $310.96 million for the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently bought and sold shares of KOS. Equinox Partners Investment Management LLC grew its position in Kosmos Energy by 41.6% in the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Kosmos Energy by 14.3% during the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after buying an additional 4,175,537 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after buying an additional 2,477,102 shares in the last quarter. M&G PLC lifted its stake in shares of Kosmos Energy by 38.3% in the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock valued at $13,244,000 after acquiring an additional 2,210,302 shares during the last quarter. Finally, Patient Capital Management LLC grew its holdings in shares of Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock worth $33,264,000 after purchasing an additional 1,334,930 shares during the last quarter. 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.