Kosmos Energy Ltd. (NYSE:KOS) Given Average Recommendation of “Reduce” by Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned an average rating of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.4357.

Several research analysts have weighed in on KOS shares. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, March 25th. Weiss Ratings lowered Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a report on Thursday, April 9th.

Kosmos Energy Stock Down 1.4%

NYSE:KOS opened at $2.15 on Friday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -1.28, a price-to-earnings-growth ratio of 0.25 and a beta of 0.68. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34. The stock’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $2.14. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. Equities research analysts expect that Kosmos Energy will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Roy A. Franklin sold 43,466 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director directly owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. The trade was a 22.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Douglas Kelso Grant sold 43,466 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director owned 82,311 shares of the company’s stock, valued at $224,709.03. This trade represents a 34.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 125,568 shares of company stock valued at $342,801. 1.90% of the stock is owned by insiders.

Institutional Trading of Kosmos Energy

Several institutional investors have recently added to or reduced their stakes in KOS. Captrust Financial Advisors boosted its stake in Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 13,854 shares during the period. Old Port Advisors bought a new stake in Kosmos Energy in the 4th quarter valued at $27,000. Cibc World Markets Corp bought a new stake in Kosmos Energy in the 4th quarter valued at $28,000. Kestra Advisory Services LLC bought a new stake in Kosmos Energy in the 1st quarter valued at $31,000. Finally, Caerus Investment Advisors LLC bought a new stake in Kosmos Energy in the 1st quarter valued at $31,000. 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.