Kosmos Energy (NYSE:KOS) Shares Down 6.9% – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) traded down 6.9% during trading on Monday . The stock traded as low as $1.69 and last traded at $1.69. 786,087 shares traded hands during trading, a decline of 90% from the average session volume of 7,954,517 shares. The stock had previously closed at $1.81.

Analysts Set New Price Targets

KOS has been the subject of several research reports. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Mizuho lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. The Goldman Sachs Group lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and a consensus price target of $5.27.

Kosmos Energy Stock Down 8.3 %

The business’s 50-day moving average is $2.45 and its two-hundred day moving average is $3.28. The firm has a market capitalization of $793.32 million, a price-to-earnings ratio of 3.77, a P/E/G ratio of 5.24 and a beta of 1.94. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

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

Insider Transactions at Kosmos Energy

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

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently modified their holdings of KOS. Orion Portfolio Solutions LLC boosted its position in Kosmos Energy by 50.9% during the third quarter. Orion Portfolio Solutions LLC now owns 22,918 shares of the oil and gas producer’s stock valued at $92,000 after purchasing an additional 7,728 shares during the last quarter. Barclays PLC raised its stake in shares of Kosmos Energy by 46.5% during the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after purchasing an additional 962,057 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kosmos Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after buying an additional 68,339 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Kosmos Energy by 28.0% in the third quarter. Toronto Dominion Bank now owns 517,381 shares of the oil and gas producer’s stock valued at $2,085,000 after buying an additional 113,088 shares in the last quarter. Finally, Synovus Financial Corp acquired a new position in Kosmos Energy during the third quarter worth $92,000. 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.