Kosmos Energy (NYSE:KOS) Stock Price Down 6.9% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) traded down 6.9% during mid-day trading on Wednesday . The company traded as low as $2.08 and last traded at $2.0760. 5,254,376 shares were traded during trading, a decline of 73% from the average session volume of 19,494,012 shares. The stock had previously closed at $2.23.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Friday, December 12th. Stephens initiated coverage on shares of Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Johnson Rice downgraded Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $4.50 to $3.50 in a research report on Friday, December 5th. Finally, Bank of America restated an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.08.

Kosmos Energy Stock Down 6.5%

The stock’s 50 day moving average is $1.30 and its 200 day moving average is $1.45. The company has a market capitalization of $997.32 million, a PE ratio of -3.07 and a beta of 0.90. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52.

Insider Buying and Selling

In other news, CEO Andrew G. Inglis sold 103,554 shares of Kosmos Energy stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $141,868.98. Following the completion of the transaction, the chief executive officer directly owned 4,271,645 shares in the company, valued at approximately $5,852,153.65. The trade was a 2.37% 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 the SEC website. Also, CAO Ronald W. Glass sold 19,285 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,420.45. Following the sale, the chief accounting officer owned 342,945 shares in the company, valued at approximately $469,834.65. The trade was a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 272,844 shares of company stock valued at $377,592 over the last three months. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently modified their holdings of KOS. Equinox Partners Investment Management LLC lifted its position in shares of Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after buying an additional 5,485,000 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Kosmos Energy by 175.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after acquiring an additional 4,308,275 shares in the last quarter. American Century Companies Inc. lifted its holdings in Kosmos Energy by 14.3% during the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock valued at $57,467,000 after purchasing an additional 4,175,537 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Kosmos Energy by 66.9% in the fourth quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock worth $6,396,000 after purchasing an additional 2,825,517 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.