Kosmos Energy (NYSE:KOS) Shares Down 4.3% – What’s Next?
by Mitch Edgeman · The Markets DailyKosmos Energy Ltd. (NYSE:KOS – Get Free Report)’s share price traded down 4.3% on Thursday . The company traded as low as $1.22 and last traded at $1.2350. 1,771,384 shares were traded during mid-day trading, a decline of 92% from the average session volume of 22,157,115 shares. The stock had previously closed at $1.29.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Mizuho lowered their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Sanford C. Bernstein dropped their price objective on Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Johnson Rice cut Kosmos Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. Bank of America reaffirmed an “underperform” rating and issued a $1.00 target price (down previously from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.08.
View Our Latest Stock Report on Kosmos Energy
Kosmos Energy Trading Down 0.4%
The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $619.44 million, a price-to-earnings ratio of -1.90 and a beta of 0.89. The business has a 50-day moving average of $1.07 and a two-hundred day moving average of $1.52.
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $310.96 million during the quarter, compared to the consensus estimate of $360.82 million. Kosmos Energy had a negative return on equity of 26.28% and a negative net margin of 23.64%. Research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On Kosmos Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in shares of Kosmos Energy by 9.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 245,034 shares of the oil and gas producer’s stock valued at $222,000 after acquiring an additional 21,895 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kosmos Energy by 119.7% during the fourth quarter. SG Americas Securities LLC now owns 121,523 shares of the oil and gas producer’s stock worth $110,000 after purchasing an additional 66,218 shares during the period. Old Port Advisors acquired a new stake in Kosmos Energy during the fourth quarter valued at approximately $27,000. CIBC Bancorp USA Inc. bought a new stake in shares of Kosmos Energy in the 3rd quarter valued at approximately $84,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Kosmos Energy in the 3rd quarter valued at approximately $109,000. 95.33% of the stock is owned by 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.