Kosmos Energy (NYSE:KOS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?
by Amy Steele · The Cerbat GemShares of Kosmos Energy Ltd. (NYSE:KOS – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analysts Set New Price Targets
A number of brokerages have issued reports on KOS. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $2.44.
Get Our Latest Report on Kosmos Energy
Kosmos Energy Stock Performance
The company’s fifty day moving average is $2.88 and its 200 day moving average is $2.00. The company has a market capitalization of $1.67 billion, a P/E ratio of -1.67, a P/E/G ratio of 0.45 and a beta of 0.68. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56.
Kosmos Energy (NYSE:KOS – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $405.21 million. As a group, equities analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Andrew G. Inglis bought 315,790 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $1.90 per share, for a total transaction of $600,001.00. Following the purchase, the chief executive officer directly owned 4,542,807 shares of the company’s stock, valued at $8,631,333.30. This trade represents a 7.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the sale, the director owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders bought 3,684,210 shares of company stock worth $6,999,999 and sold 125,568 shares worth $342,801. 1.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kosmos Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Kosmos Energy during the first quarter valued at approximately $31,000. Caerus Investment Advisors LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $31,000. Abel Hall LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $36,000. KBC Group NV purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $44,000. Finally, Baer Investment Advisory LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $53,000. 95.33% of the stock is owned by hedge funds and other institutional investors.
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.