Kosmos Energy (NYSE:KOS) Shares Down 8.2%

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded down 8.2% during trading on Monday . The stock traded as low as $2.21 and last traded at $2.23. 23,248 shares traded hands during trading, a decline of 100% from the average session volume of 7,014,458 shares. The stock had previously closed at $2.43.

Several equities analysts have commented on the stock. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and raised their target price for the company from $4.50 to $6.25 in a research note on Tuesday, June 8th. Sanford C. Bernstein raised shares of Kosmos Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from $3.70 to $7.80 in a research note on Monday, June 21st. Finally, Zacks Investment Research cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $4.21.

The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 7.24. The company’s 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.82. The company has a market cap of $943.58 million, a P/E ratio of -5.37 and a beta of 3.78.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, August 9th. The oil and gas producer reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.09). Kosmos Energy had a negative net margin of 15.40% and a negative return on equity of 37.20%. The business had revenue of $384.12 million for the quarter. Equities analysts forecast that Kosmos Energy Ltd. will post -0.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in KOS. Boston Partners acquired a new position in shares of Kosmos Energy in the first quarter worth about $31,834,000. Millennium Management LLC boosted its holdings in shares of Kosmos Energy by 263.4% during the second quarter. Millennium Management LLC now owns 8,478,693 shares of the oil and gas producer’s stock worth $29,336,000 after purchasing an additional 6,145,270 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in shares of Kosmos Energy during the second quarter worth approximately $18,290,000. Dimensional Fund Advisors LP boosted its holdings in shares of Kosmos Energy by 81.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,151,470 shares of the oil and gas producer’s stock worth $18,885,000 after purchasing an additional 2,769,566 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Kosmos Energy by 9.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 21,007,146 shares of the oil and gas producer’s stock worth $72,685,000 after purchasing an additional 1,736,846 shares during the period. Institutional investors own 79.46% of the company’s stock.

About Kosmos Energy (NYSE:KOS)

Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firms assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

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