Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) PT at $2.53

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given a consensus recommendation of “Reduce” by the nine research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $2.5286.

A number of analysts recently weighed in on KOS shares. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Stephens decreased their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Transactions at Kosmos Energy

In other news, SVP Josh R. Marion sold 24,969 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $51,186.45. Following the completion of the sale, the senior vice president directly owned 233,404 shares in the company, valued at approximately $478,478.20. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the sale, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at approximately $3,967,590.50. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently bought and sold shares of the company. Ieq Capital LLC purchased a new stake in Kosmos Energy during the second quarter worth $721,000. Allworth Financial LP purchased a new position in shares of Kosmos Energy in the second quarter valued at $37,000. Vise Technologies Inc. purchased a new position in shares of Kosmos Energy in the second quarter valued at $29,000. Pallas Capital Advisors LLC purchased a new position in shares of Kosmos Energy in the second quarter valued at $25,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kosmos Energy during the 2nd quarter worth $3,913,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $2.55 on Friday. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.34. The company has a 50-day moving average price of $2.45 and a 200 day moving average price of $2.45. The company has a market cap of $1.52 billion, a P/E ratio of -2.14, a PEG ratio of 0.19 and a beta of 0.72. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $607.25 million for the quarter, compared to analysts’ expectations of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Research analysts predict that Kosmos Energy will post 0.45 earnings per share for the current year.

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.