Kosmos Energy (NYSE:KOS) Stock Price Down 14.7% – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS) shares traded down 14.7% on Wednesday. The stock traded as low as $2.21 and last traded at $2.21. Approximately 15,126,893 shares changed hands during trading, a decline of 18% from the average session volume of 18,374,898 shares. The stock had previously closed at $2.59.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded Kosmos Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Friday, October 30th. Jefferies Financial Group cut Kosmos Energy from a “buy” rating to a “hold” rating and raised their target price for the company from $2.75 to $2.90 in a research note on Wednesday, October 28th. Stephens cut their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Finally, Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.37.

Kosmos Energy Trading Down 4.1%

The company has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $2.52. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.38 and a current ratio of 0.54. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.11, a P/E/G ratio of 0.34 and a beta of 0.78.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Kosmos Energy had a negative return on equity of 1.67% and a negative net margin of 27.21%. The company had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. On average, research analysts forecast that Kosmos Energy Ltd. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Several large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in Kosmos Energy by 18.8% during the third quarter. Russell Investments Group Ltd. now owns 3,141,299 shares of the oil and gas producer’s stock valued at $7,979,000 after acquiring an additional 497,454 shares during the period. O Brien Greene & Co. Inc raised its holdings in Kosmos Energy by 77.4% in the 3rd quarter. O Brien Greene & Co. Inc now owns 159,668 shares of the oil and gas producer’s stock valued at $406,000 after acquiring an additional 69,668 shares in the last quarter. Ballast Asset Management LP raised its stake in shares of Kosmos Energy by 16.7% in the 3rd quarter. Ballast Asset Management LP now owns 2,343,733 shares of the oil and gas producer’s stock valued at $5,953,000 after buying an additional 335,580 shares in the last quarter. M&G PLC raised its position in Kosmos Energy by 18.6% in the third quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer’s stock worth $22,330,000 after purchasing an additional 1,381,605 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Kosmos Energy during the third quarter worth about $28,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

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.