Kosmos Energy (NYSE:KOS) Stock Price Down 16.4% – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) were down 16.4% during mid-day trading on Thursday . The stock traded as low as $1.94 and last traded at $1.91. Approximately 2,591,299 shares were traded during trading, a decline of 67% from the average daily volume of 7,824,371 shares. The stock had previously closed at $2.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Mizuho decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kosmos Energy has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Stock Down 16.9 %

The stock has a fifty day moving average price of $2.66 and a 200-day moving average price of $3.41. The firm has a market cap of $714.47 million, a PE ratio of 3.40, a PEG ratio of 5.24 and a beta of 2.31. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. Research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling

In other news, CEO Andrew G. Inglis sold 102,701 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $320,427.12. Following the completion of the sale, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 503,970 shares of company stock valued at $1,572,386. Company insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KOS. Charles Schwab Investment Management Inc. increased its stake in Kosmos Energy by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,121,694 shares of the oil and gas producer’s stock worth $24,670,000 after buying an additional 430,053 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kosmos Energy by 11.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock worth $6,860,000 after acquiring an additional 172,966 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kosmos Energy during the third quarter worth about $28,000. Centiva Capital LP purchased a new position in Kosmos Energy in the third quarter valued at about $503,000. Finally, Point72 Asset Management L.P. acquired a new stake in Kosmos Energy during the 3rd quarter valued at approximately $258,000. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.