Kosmos Energy (NYSE:KOS) Hits New 52-Week Low – Here’s Why

Kosmos Energy Ltd. (NYSE:KOS)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $1.34 and last traded at $1.3750, with a volume of 3956233 shares trading hands. The stock had previously closed at $1.37.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stephens started coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.00 target price (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Clarkson Capital initiated coverage on Kosmos Energy in a report on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Wednesday. Finally, Mizuho decreased their price objective on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and a consensus price target of $3.07.

Kosmos Energy Stock Performance

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25. The company has a market cap of $619.91 million, a PE ratio of -3.93 and a beta of 1.44. The business has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.78.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The company had revenue of $311.23 million during the quarter, compared to analysts’ expectations of $360.82 million. Research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently modified their holdings of KOS. Coldstream Capital Management Inc. purchased a new position in shares of Kosmos Energy in the 3rd quarter worth approximately $109,000. Verition Fund Management LLC boosted its stake in Kosmos Energy by 57.9% in the third quarter. Verition Fund Management LLC now owns 586,834 shares of the oil and gas producer’s stock valued at $974,000 after acquiring an additional 215,263 shares in the last quarter. Brevan Howard Capital Management LP grew its holdings in Kosmos Energy by 85.4% in the third quarter. Brevan Howard Capital Management LP now owns 149,428 shares of the oil and gas producer’s stock worth $248,000 after purchasing an additional 68,852 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Kosmos Energy by 4.2% during the third quarter. Lazard Asset Management LLC now owns 2,460,999 shares of the oil and gas producer’s stock worth $4,085,000 after purchasing an additional 99,560 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Kosmos Energy by 1.5% during the third quarter. Raymond James Financial Inc. now owns 976,677 shares of the oil and gas producer’s stock worth $1,621,000 after purchasing an additional 14,692 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.