Kosmos Energy (NYSE:KOS) Shares Gap Up – Time to Buy?

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $2.76, but opened at $2.90. Kosmos Energy shares last traded at $2.89, with a volume of 803,762 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Kosmos Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Stephens cut their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Stock Performance

The firm has a market cap of $1.76 billion, a P/E ratio of -2.49, a PEG ratio of 0.21 and a beta of 0.73. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38. The stock’s 50 day moving average is $2.47 and its two-hundred day moving average is $2.59.

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

Insider Activity

In related news, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the completion of the sale, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. This trade represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, SVP Josh R. Marion sold 24,969 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 233,404 shares in the company, valued at approximately $478,478.20. This trade represents a 9.66% 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. In the last quarter, insiders have sold 169,012 shares of company stock worth $346,475. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP bought a new stake in Kosmos Energy during the 2nd quarter worth approximately $61,000. Amundi raised its position in Kosmos Energy by 31.9% in the 2nd quarter. Amundi now owns 204,319 shares of the oil and gas producer’s stock valued at $431,000 after purchasing an additional 49,388 shares during the last quarter. California State Teachers Retirement System raised its position in Kosmos Energy by 131.3% in the 2nd quarter. California State Teachers Retirement System now owns 1,535,666 shares of the oil and gas producer’s stock valued at $3,240,000 after purchasing an additional 871,749 shares during the last quarter. HB Wealth Management LLC acquired a new position in Kosmos Energy in the second quarter worth $34,000. Finally, AXQ Capital LP grew its holdings in shares of Kosmos Energy by 86.6% during the second quarter. AXQ Capital LP now owns 337,762 shares of the oil and gas producer’s stock worth $713,000 after purchasing an additional 156,708 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.