Kosmos Energy’s (KOS) “Underperform” Rating Reaffirmed at Mizuho

Kosmos Energy (NYSE:KOS)‘s stock had its “underperform” rating restated by research analysts at Mizuho in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $3.00 target price on the oil and gas producer’s stock, up from their previous target price of $2.00. Mizuho’s price objective points to a potential upside of 4.53% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Finally, Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $2.44.

Kosmos Energy Stock Down 5.3%

Kosmos Energy stock opened at $2.87 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of -1.71, a price-to-earnings-growth ratio of 0.45 and a beta of 0.72. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.34. The business has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $1.92. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, analysts anticipate that Kosmos Energy will post 0.24 EPS for the current fiscal year.

Insider Transactions at Kosmos Energy

In other news, CFO Nealesh D. Shah purchased 157,894 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $1.90 per share, with a total value of $299,998.60. Following the completion of the purchase, the chief financial officer directly owned 1,863,061 shares of the company’s stock, valued at approximately $3,539,815.90. The trade was a 9.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director J Michael Stice purchased 52,631 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $1.90 per share, for a total transaction of $99,998.90. Following the completion of the purchase, the director directly owned 207,620 shares of the company’s stock, valued at approximately $394,478. The trade was a 33.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 3,684,210 shares of company stock valued at $6,999,999. Insiders own 1.90% of the company’s stock.

Institutional Trading of Kosmos Energy

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 13,854 shares during the last quarter. Old Port Advisors acquired a new position in Kosmos Energy during the fourth quarter worth $27,000. Cibc World Markets Corp acquired a new position in Kosmos Energy during the fourth quarter worth $28,000. Kestra Advisory Services LLC acquired a new position in Kosmos Energy during the first quarter worth $31,000. Finally, Abel Hall LLC acquired a new position in Kosmos Energy during the first quarter worth $36,000. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

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.