Kosmos Energy (NYSE:KOS) Downgraded by StockNews.com to “Sell”

Kosmos Energy (NYSE:KOS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

KOS has been the topic of several other research reports. Sanford C. Bernstein cut their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark dropped their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Mizuho cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kosmos Energy presently has an average rating of “Hold” and an average target price of $5.52.

Kosmos Energy Stock Performance

Shares of NYSE KOS traded down $0.24 during trading on Tuesday, reaching $2.65. The stock had a trading volume of 15,940,020 shares, compared to its average volume of 7,944,109. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a market cap of $1.25 billion, a PE ratio of 6.01, a P/E/G ratio of 5.24 and a beta of 2.41. Kosmos Energy has a one year low of $2.62 and a one year high of $6.58. The firm’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $3.85.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. On average, research analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the transaction, the chief accounting officer now owns 320,231 shares in the company, valued at $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew G. Inglis sold 138,689 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares in the company, valued at approximately $12,352,080. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 over the last 90 days. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently modified their holdings of KOS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Kosmos Energy in the third quarter valued at $28,000. VSM Wealth Advisory LLC bought a new stake in Kosmos Energy in the fourth quarter worth about $34,000. Disciplined Investors L.L.C. acquired a new stake in Kosmos Energy in the 4th quarter valued at about $36,000. Sapient Capital LLC acquired a new stake in Kosmos Energy in the 4th quarter valued at about $37,000. Finally, Signaturefd LLC boosted its position in shares of Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after purchasing an additional 10,740 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.