Kosmos Energy (NYSE:KOS) Trading Down 4.9% on Analyst Downgrade

Shares of Kosmos Energy Ltd. (NYSE:KOS) fell 4.9% during trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $3.50 to $3.00. The Goldman Sachs Group currently has a buy rating on the stock. Kosmos Energy traded as low as $1.64 and last traded at $1.67. 3,247,258 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 8,420,729 shares. The stock had previously closed at $1.75.

Several other research firms have also commented on KOS. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Mizuho decreased their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Finally, StockNews.com raised shares of Kosmos Energy to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy currently has an average rating of “Hold” and an average target price of $4.93.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $34,000. Disciplined Investors L.L.C. acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $36,000. Sapient Capital LLC acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $37,000. Boothbay Fund Management LLC bought a new position in Kosmos Energy during the 4th quarter worth approximately $45,000. Finally, Vident Advisory LLC bought a new position in Kosmos Energy during the 1st quarter worth approximately $30,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Down 2.6%

The stock has a market cap of $815.01 million, a P/E ratio of 3.88, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The firm’s fifty day simple moving average is $1.89 and its 200-day simple moving average is $2.85.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Equities research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.