Kosmos Energy Ltd. (NYSE:KOS) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Reduce” from the nine brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.4357.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a report on Thursday, April 9th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $2.12 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -1.26, a PEG ratio of 0.34 and a beta of 0.68. The stock’s fifty day simple moving average is $2.82 and its 200 day simple moving average is $2.13. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the transaction, the director owned 82,311 shares in the company, valued at approximately $224,709.03. The trade was a 34.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 125,568 shares of company stock worth $342,801. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its holdings in shares of Kosmos Energy by 10.2% during the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 4,361 shares in the last quarter. Parallel Advisors LLC boosted its position in Kosmos Energy by 41.0% during the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 7,169 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. SmartHarvest Portfolios LLC boosted its position in Kosmos Energy by 73.0% during the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 10,050 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its position in Kosmos Energy by 30.3% during the fourth quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 10,598 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.