Kosmos Energy (NYSE:KOS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other research firms have also commented on KOS. Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Stephens decreased their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Stock Up 1.2%

Shares of Kosmos Energy stock opened at $2.51 on Friday. The stock’s fifty day moving average is $2.45 and its 200-day moving average is $2.44. The firm has a market capitalization of $1.49 billion, a PE ratio of -2.11, a price-to-earnings-growth ratio of 0.18 and a beta of 0.72. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Kosmos Energy has a 12-month low of $0.84 and a 12-month high of $3.34.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The business had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Equities analysts anticipate that Kosmos Energy will post 0.45 earnings per share for the current year.

Insider Activity

In related news, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction dated Thursday, May 28th. The stock was 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 150,722 shares of the company’s stock, valued at approximately $411,471.06. This represents a 22.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $176,166.75. Following the transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. The trade was a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 294,580 shares of company stock valued at $689,275 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently modified their holdings of KOS. Swiss Life Asset Management Ltd grew its position in Kosmos Energy by 12.2% in the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock worth $82,000 after acquiring an additional 4,215 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Kosmos Energy by 10.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 4,361 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Kosmos Energy by 7.8% during the 2nd quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock valued at $197,000 after purchasing an additional 6,757 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 7,169 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Kosmos Energy by 18.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. Institutional investors and hedge funds 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.