John Douglas Kelso Grant Sells 27,923 Shares of Kosmos Energy Ltd. (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 27,923 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director now owns 29,921 shares in the company, valued at $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kosmos Energy Stock Performance

Shares of KOS opened at $1.91 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market capitalization of $910.61 million, a price-to-earnings ratio of 4.33, a PEG ratio of 5.24 and a beta of 1.44. The company’s 50 day simple moving average is $1.73 and its 200 day simple moving average is $2.64. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $5.97.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on KOS shares. Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. Benchmark reiterated a “hold” rating on shares of Kosmos Energy in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.93.

Institutional Investors Weigh In On Kosmos Energy

Several large investors have recently made changes to their positions in KOS. Encompass Capital Advisors LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $35,723,000. Patient Capital Management LLC grew its holdings in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after purchasing an additional 7,707,707 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after acquiring an additional 5,906,210 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after acquiring an additional 4,114,499 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its holdings in Kosmos Energy by 39.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. 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.