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

Kosmos Energy Ltd. (NYSE:KOS) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.52.

A number of brokerages have issued reports on KOS. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th.

Insider Buying and Selling at Kosmos Energy

In related news, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nealesh D. Shah sold 56,987 shares of the business’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 value of $177,799.44. Following the completion of the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Kosmos Energy by 22.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after purchasing an additional 5,906,210 shares in the last quarter. American Century Companies Inc. increased its holdings in Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after buying an additional 2,997,438 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kosmos Energy by 7.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after acquiring an additional 1,933,216 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Kosmos Energy by 8.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock valued at $85,202,000 after purchasing an additional 1,588,990 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after buying an additional 4,114,499 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Down 7.6 %

KOS stock opened at $2.13 on Friday. 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 company has a market cap of $1.02 billion, a price-to-earnings ratio of 4.83, a P/E/G ratio of 5.24 and a beta of 2.41. The business’s 50-day moving average is $3.27 and its two-hundred day moving average is $3.75. Kosmos Energy has a fifty-two week low of $2.11 and a fifty-two week high of $6.58.

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

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.