Insider Selling: Kosmos Energy (NYSE:KOS) CAO Sells $24,862.40 in Stock

Kosmos Energy Ltd. (NYSE:KOS) CAO Ronald Glass sold 12,128 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $24,862.40. Following the completion of the transaction, the chief accounting officer owned 358,700 shares of the company’s stock, valued at approximately $735,335. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Performance

Shares of KOS stock traded up $0.01 on Monday, hitting $2.08. 14,948,873 shares of the stock traded hands, compared to its average volume of 21,167,539. The company’s fifty day moving average is $2.75 and its 200 day moving average is $2.18. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $3.34. The company has a market capitalization of $1.23 billion, a PE ratio of -1.24, a PEG ratio of 0.24 and a beta of 0.71. 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 released its 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 business had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. On average, equities research analysts predict that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Equinox Partners Investment Management LLC boosted its stake in shares of Kosmos Energy by 6.2% during the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after acquiring an additional 1,208,053 shares in the last quarter. Vanguard Group Inc. increased its stake in Kosmos Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after purchasing an additional 286,593 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after buying an additional 1,962,936 shares during the period. Geode Capital Management LLC lifted its stake in Kosmos Energy by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock valued at $10,230,000 after buying an additional 832,029 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Kosmos Energy by 3.0% in the third quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock worth $16,439,000 after acquiring an additional 289,626 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Key Kosmos Energy News

Here are the key news stories impacting Kosmos Energy this week:

• Positive Sentiment: Kosmos issued an operational update showing strong first-half performance: the new Ghana J76 well is contributing about 20,000 barrels per day, Jubilee exited Q2 above 85,000 bopd, and the company expects J77 to push gross Jubilee production toward 90,000 bopd. Article title
• Positive Sentiment: The company said net debt fell by more than $400 million to about $2.56 billion, with liquidity above $500 million and plans to refinance its reserve-based lending facility, which supports the stock’s recent strength. Article title
• Positive Sentiment: GTA LNG also performed well, with nine cargoes lifted in Q2 at the top end of guidance, reinforcing expectations for solid near-term cash generation. Article title
• Neutral Sentiment: Kosmos completed the sale of its Equatorial Guinea assets to Panoro Energy, a portfolio simplification move that removed about 1,000 bopd from second-quarter guidance but should help the company focus on higher-priority assets. Article title
• Neutral Sentiment: Several executives, including the CEO, CFO, CAO and an SVP, sold shares under pre-arranged 10b5-1 plans to cover tax withholding tied to equity awards; these transactions are routine but may still weigh on sentiment. Article title

Analysts Set New Price Targets

KOS has been the subject of a number of analyst reports. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Mizuho restated an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Finally, Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $2.44.

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.