Kosmos Energy (NYSE:KOS) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemKosmos Energy Ltd. (NYSE:KOS – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $2.87, but opened at $2.72. Kosmos Energy shares last traded at $2.62, with a volume of 2,168,907 shares.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. Finally, Mizuho restated an “underperform” rating and issued a $3.00 target price (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 issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Reduce” and an average price target of $2.44.
Get Our Latest Analysis on KOS
Kosmos Energy Stock Down 9.4%
The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.06. The company has a market cap of $1.54 billion, a P/E ratio of -1.55, a price-to-earnings-growth ratio of 0.43 and a beta of 0.68.
Kosmos Energy (NYSE:KOS – Get Free Report) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $370.73 million during the quarter, compared to the consensus estimate of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, research analysts expect that Kosmos Energy Ltd. will post 0.24 EPS for the current year.
Insider Activity at Kosmos Energy
In related news, Director Steven Sterin sold 38,636 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the completion of the sale, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Douglas Kelso Grant sold 43,466 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the sale, the director directly owned 82,311 shares of the company’s stock, valued at $224,709.03. The trade was a 34.56% 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 three months, insiders sold 125,568 shares of company stock valued at $342,801. 1.90% of the stock is owned by insiders.
Institutional Trading of Kosmos Energy
A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Kosmos Energy by 10.2% in the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 4,361 shares during the last quarter. Parallel Advisors LLC increased its position in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 7,169 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Kosmos Energy by 18.8% in the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 9,159 shares during the last quarter. SmartHarvest Portfolios LLC increased its position in Kosmos Energy by 73.0% in the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 10,050 shares during the last quarter. Finally, Equitable Holdings Inc. increased its position in Kosmos Energy by 30.3% in the fourth quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 10,598 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
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.