Kosmos Energy (NYSE:KOS) Director Steven Sterin Sells 38,636 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Steven Sterin sold 38,636 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the sale, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.80 on Friday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock has a fifty day moving average price of $2.86 and a 200 day moving average price of $1.94. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $3.34. The company has a market cap of $1.66 billion, a PE ratio of -1.67, a P/E/G ratio of 0.41 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last issued its quarterly 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 return on equity of 37.60% and a negative net margin of 59.38%.The company had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Sell-side analysts forecast that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors lifted its position in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 13,854 shares during the period. Old Port Advisors acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter valued at approximately $31,000. Finally, Abel Hall LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, March 25th. Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday. Finally, Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Company Profile

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.