Kosmos Energy (NYSE:KOS) Trading Down 6% – Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS) shares fell 6% on Wednesday . The company traded as low as $2.34 and last traded at $2.35. Approximately 2,809,730 shares were traded during mid-day trading, a decline of 87% from the average session volume of 21,115,553 shares. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research note on Wednesday, March 25th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Price Performance

The business’s 50 day moving average is $2.65 and its two-hundred day moving average is $2.25. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. The firm has a market capitalization of $1.37 billion, a PE ratio of -1.37, a price-to-earnings-growth ratio of 0.28 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) 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 analysts’ expectations of $405.21 million. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, Director Steven Sterin sold 38,636 shares of Kosmos Energy stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the completion of the transaction, the director owned 331,295 shares of the company’s stock, valued at $904,435.35. The trade was a 10.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew G. Inglis sold 85,935 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the sale, the chief executive officer owned 4,678,043 shares in the company, valued at approximately $9,589,988.15. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 294,580 shares of company stock worth $689,275 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently modified their holdings of KOS. AQR Capital Management LLC increased its holdings in Kosmos Energy by 56.7% during the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock worth $884,000 after acquiring an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kosmos Energy by 21.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after purchasing an additional 443,384 shares in the last quarter. Strs Ohio bought a new position in shares of Kosmos Energy in the first quarter worth $120,000. Finally, Rhumbline Advisers raised its position in shares of Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock worth $1,237,000 after buying an additional 52,750 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.