Kosmos Energy (LON:KOS) Stock Price Down 10% – Time to Sell?

Kosmos Energy Ltd. (LON:KOS)’s share price fell 10% during mid-day trading on Monday . The stock traded as low as GBX 187 and last traded at GBX 188.94. 4,167 shares changed hands during trading, a decline of 85% from the average daily volume of 28,266 shares. The stock had previously closed at GBX 209.89.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 210 price target on shares of Kosmos Energy in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 210.

Kosmos Energy Stock Performance

The firm’s fifty day moving average price is GBX 190.31 and its 200-day moving average price is GBX 174.33. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 579.29. The firm has a market cap of £1.04 billion, a price-to-earnings ratio of -1.04, a PEG ratio of 0.10 and a beta of 0.71.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, insider Roy Franklin sold 976 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of GBX 285, for a total transaction of £2,781.60. Also, insider John Grant sold 735 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of GBX 285, for a total value of £2,094.75. Corporate insiders own 6.83% of the company’s stock.

About Kosmos Energy

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. It undertakes a proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico. Kosmos Energy Ltd. was founded in 2003 and is headquartered in Dallas, Texas.