Kosmos Energy (NYSE:KOS) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a report issued on Tuesday morning.

Other equities analysts also recently issued reports about the stock. Benchmark lowered their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Mizuho cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy has an average rating of “Hold” and a consensus price target of $5.52.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.80 on Tuesday. Kosmos Energy has a fifty-two week low of $2.58 and a fifty-two week high of $6.58. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 5.24 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The business has a 50-day moving average of $3.32 and a 200-day moving average of $3.83.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. As a group, sell-side analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nealesh D. Shah sold 56,987 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the sale, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 over the last ninety days. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kosmos Energy by 11.3% during the 3rd 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 purchasing an additional 172,966 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in Kosmos Energy by 137.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after buying an additional 283,624 shares during the period. Barclays PLC lifted its holdings in shares of Kosmos Energy by 46.5% during the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after buying an additional 962,057 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after buying an additional 1,588,990 shares in the last quarter. Finally, M&G PLC boosted its position in shares of Kosmos Energy by 20.0% in the third quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after acquiring an additional 983,623 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.