Kosmos Energy (NYSE:KOS) Hits New 52-Week Low – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.34 and last traded at $1.3750, with a volume of 3956233 shares traded. The stock had previously closed at $1.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Thursday. Stephens initiated coverage on Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a report on Monday, September 22nd. Mizuho decreased their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Clarkson Capital initiated coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.07.

Kosmos Energy Trading Up 0.4%

The firm has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $1.79. The firm has a market capitalization of $657.70 million, a P/E ratio of -4.17 and a beta of 1.44. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $311.23 million for the quarter, compared to analysts’ expectations of $360.82 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 41.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after buying an additional 5,485,000 shares during the last quarter. American Century Companies Inc. lifted its position in Kosmos Energy by 14.3% during the 2nd quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer’s stock worth $57,467,000 after acquiring an additional 4,175,537 shares during the last quarter. Invesco Ltd. boosted its holdings in Kosmos Energy by 40.2% during the first quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock valued at $24,849,000 after acquiring an additional 3,127,003 shares during the period. Corigliano Investment Advisers LLC bought a new position in shares of Kosmos Energy in the first quarter worth about $7,047,000. Finally, Squarepoint Ops LLC lifted its position in shares of Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after purchasing an additional 2,477,102 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Company Profile

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.