Kosmos Energy (NYSE:KOS) Stock Price Down 3.2% – Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s share price fell 3.2% during mid-day trading on Tuesday. The company traded as low as $2.67 and last traded at $2.70. 2,789,636 shares changed hands during trading, a decline of 85% from the average session volume of 18,298,703 shares. The stock had previously closed at $2.79.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KOS shares. Wall Street Zen upgraded shares of Kosmos Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Mizuho raised Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Finally, Stephens dropped their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Trading Down 2.2%

The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The business has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $2.68. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -2.27, a P/E/G ratio of 0.16 and a beta of 0.88.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $607.25 million for the quarter, compared to analysts’ expectations of $483.23 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KOS. Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 6.2% in 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 buying an additional 1,208,053 shares in the last quarter. First Trust Advisors LP grew its stake in Kosmos Energy by 9.2% in the 1st quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock valued at $21,390,000 after acquiring an additional 646,052 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Kosmos Energy by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after acquiring an additional 1,204,789 shares during the last quarter. Bank of America Corp DE increased its holdings in Kosmos Energy by 14.2% during the 1st quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock valued at $15,404,000 after acquiring an additional 689,800 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Kosmos Energy by 224.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after acquiring an additional 3,691,800 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. (NYSE: KOS) is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.