The Goldman Sachs Group Cuts Kosmos Energy (NYSE:KOS) Price Target to $3.50

Kosmos Energy (NYSE:KOS) had its price target cut by The Goldman Sachs Group from $4.00 to $3.50 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other equities analysts also recently commented on KOS. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy currently has an average rating of “Hold” and a consensus price target of $5.18.

Kosmos Energy Trading Up 4.6 %

Shares of NYSE KOS opened at $1.71 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $815.01 million, a PE ratio of 3.88, a PEG ratio of 5.24 and a beta of 1.94. Kosmos Energy has a twelve month low of $1.39 and a twelve month high of $6.33. The stock has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $3.03.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the transaction, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is currently owned by insiders.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in 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 during the period. Synovus Financial Corp purchased a new stake in Kosmos Energy in the 3rd quarter valued at $92,000. Franklin Resources Inc. boosted its stake in Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 4,640 shares during the period. JPMorgan Chase & Co. grew its position in Kosmos Energy by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 624,604 shares of the oil and gas producer’s stock worth $2,517,000 after purchasing an additional 37,114 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Kosmos Energy by 4.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,343,163 shares of the oil and gas producer’s stock valued at $4,594,000 after purchasing an additional 51,699 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

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.