Roy Franklin Sells 43,466 Shares of Kosmos Energy (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Roy Franklin sold 43,466 shares of Kosmos Energy stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director directly owned 150,722 shares of the company’s stock, valued at $411,471.06. This represents a 22.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $2.80 on Friday. The company has a 50 day moving average price of $2.86 and a 200-day moving average price of $1.94. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34. The company has a market capitalization of $1.66 billion, a PE ratio of -1.67, a P/E/G ratio of 0.42 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The company had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on KOS. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Mizuho reaffirmed an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a report on Thursday, April 9th. Finally, Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $2.44.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors have recently bought and sold shares of KOS. Goldman Sachs Group Inc. increased its holdings in Kosmos Energy by 175.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock valued at $6,140,000 after buying an additional 4,308,275 shares during the period. Renaissance Technologies LLC increased its holdings in Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after buying an additional 3,691,800 shares during the period. First Trust Advisors LP increased its holdings in Kosmos Energy by 66.9% during the fourth quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after buying an additional 2,825,517 shares during the period. Squarepoint Ops LLC increased its holdings in Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after buying an additional 2,477,102 shares during the period. Finally, M&G PLC increased its holdings in Kosmos Energy by 38.3% during the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock valued at $13,244,000 after buying an additional 2,210,302 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.