Kosmos Energy (NYSE:KOS) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.00 and traded as high as $3.03. Kosmos Energy shares last traded at $2.81, with a volume of 9,760,765 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The firm has a market cap of $1.67 billion, a PE ratio of -1.67, a price-to-earnings-growth ratio of 0.42 and a beta of 0.68. The stock has a 50 day simple moving average of $2.88 and a 200-day simple moving average of $2.00.

Kosmos Energy (NYSE:KOS) last issued its quarterly 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 business had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew G. Inglis acquired 315,790 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $1.90 per share, with a total value of $600,001.00. Following the acquisition, the chief executive officer directly owned 4,542,807 shares of the company’s stock, valued at approximately $8,631,333.30. This trade represents a 7.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director directly owned 150,722 shares of the company’s stock, valued at $411,471.06. This trade represents a 22.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have bought 3,684,210 shares of company stock worth $6,999,999 and have sold 125,568 shares worth $342,801. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Equinox Partners Investment Management LLC boosted its holdings 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 valued at $57,485,000 after purchasing an additional 1,208,053 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kosmos Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock valued at $23,772,000 after purchasing an additional 286,593 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock valued at $10,930,000 after purchasing an additional 1,962,936 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kosmos Energy by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock valued at $10,230,000 after purchasing an additional 832,029 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Kosmos Energy by 3.0% during the 3rd quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock valued at $16,439,000 after purchasing an additional 289,626 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.