Kosmos Energy Ltd. (NYSE:KOS) Given Consensus Rating of “Reduce” by Brokerages

Shares of Kosmos Energy Ltd. (NYSE:KOS) have received a consensus rating of “Reduce” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.4357.

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th.

Kosmos Energy Stock Up 4.3%

Kosmos Energy stock opened at $2.92 on Tuesday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The business has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $1.96. The stock has a market capitalization of $1.73 billion, a PE ratio of -1.74, a price-to-earnings-growth ratio of 0.42 and a beta of 0.68. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34.

Kosmos Energy (NYSE:KOS) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. On average, analysts anticipate that Kosmos Energy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In related news, CFO Nealesh D. Shah acquired 157,894 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $1.90 per share, for a total transaction of $299,998.60. Following the purchase, the chief financial officer owned 1,863,061 shares in the company, valued at $3,539,815.90. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roy A. Franklin sold 43,466 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the sale, the director directly owned 150,722 shares of the company’s stock, valued at $411,471.06. This trade represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders acquired 3,684,210 shares of company stock valued at $6,999,999 and sold 125,568 shares valued at $342,801. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. Captrust Financial Advisors increased its holdings in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the period. Old Port Advisors acquired a new position in Kosmos Energy in the fourth quarter worth $27,000. Cibc World Markets Corp bought a new stake in Kosmos Energy during the 4th quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $31,000. Finally, Caerus Investment Advisors LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at $31,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Kosmos Energy

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.