Kosmos Energy (NYSE:KOS) Shares Gap Down – Here’s What Happened
by Mitch Edgeman · The Markets DailyKosmos Energy Ltd. (NYSE:KOS – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.86, but opened at $2.75. Kosmos Energy shares last traded at $2.72, with a volume of 1,099,032 shares changing hands.
Wall Street Analysts Forecast Growth
KOS has been the topic of a number of recent research reports. Mizuho raised Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Stephens reduced their price target on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.53.
Get Our Latest Analysis on Kosmos Energy
Kosmos Energy Price Performance
The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -2.30, a PEG ratio of 0.22 and a beta of 0.72. The stock’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.53.
Kosmos Energy (NYSE:KOS – Get Free Report) last posted its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.45 EPS for the current fiscal year.
Insider Activity
In related news, CEO Andrew G. Inglis sold 85,935 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at approximately $9,589,988.15. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Also, Director John Douglas Kelso Grant sold 43,466 shares of the company’s 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 $118,662.18. Following the sale, the director directly owned 82,311 shares in the company, valued at approximately $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. Insiders have sold 294,580 shares of company stock worth $689,275 in the last quarter. Insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Kosmos Energy
Institutional investors have recently modified their holdings of the business. Pallas Capital Advisors LLC purchased a new stake in shares of Kosmos Energy during the second quarter worth $25,000. Captrust Financial Advisors boosted its holdings in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 13,854 shares during the period. Proficio Capital Partners LLC acquired a new position in Kosmos Energy during the 2nd quarter worth $27,000. Sanctuary Advisors LLC acquired a new position in Kosmos Energy during the 2nd quarter worth $27,000. Finally, Cibc World Markets Corp purchased a new stake in Kosmos Energy during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 95.33% of the company’s stock.
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.
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