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

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $2.21, but opened at $2.30. Kosmos Energy shares last traded at $2.23, with a volume of 2,665,838 shares.

Analyst Ratings Changes

KOS has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target for the company in a report on Wednesday, March 25th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a research note on Thursday, April 9th. Finally, Mizuho reaffirmed an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, three have given 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 an average price target of $2.44.

Kosmos Energy Stock Performance

The firm has a fifty day moving average of $2.72 and a 200-day moving average of $2.20. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The firm has a market cap of $1.36 billion, a P/E ratio of -1.36, a PEG ratio of 0.24 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last released 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). The business had revenue of $370.73 million for 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%. Research analysts predict that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Douglas Kelso Grant sold 43,466 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 82,311 shares of the company’s stock, valued at $224,709.03. This represents a 34.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Sterin sold 38,636 shares of the firm’s stock in a transaction on 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 transaction, the director owned 331,295 shares in the company, valued at $904,435.35. This represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 294,580 shares of company stock valued at $689,275 over the last three months. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Equinox Partners Investment Management LLC grew its position in shares of Kosmos Energy by 6.2% during the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after buying an additional 1,208,053 shares during the period. Dalton Investments Inc. bought a new position in Kosmos Energy during the 4th quarter worth approximately $454,000. SG Americas Securities LLC boosted its stake in Kosmos Energy by 494.9% during the 1st quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock worth $2,010,000 after acquiring an additional 601,368 shares during the last quarter. Alpine Global Management LLC acquired a new position in Kosmos Energy during the fourth quarter valued at approximately $188,000. Finally, SmartHarvest Portfolios LLC grew its holdings in Kosmos Energy by 73.0% during the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 10,050 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

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.