Kosmos Energy (NYSE:KOS) Shares Down 5.6% – Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price traded down 5.6% during trading on Monday . The company traded as low as $2.14 and last traded at $2.13. 1,453,616 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 8,907,133 shares. The stock had previously closed at $2.25.

Analysts Set New Price Targets

A number of research firms recently issued reports on KOS. The Goldman Sachs Group cut their price target on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a report on Monday, May 19th. Benchmark reiterated a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho lowered their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Kosmos Energy to a “sell” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.93.

Kosmos Energy Trading Down 3.3%

The firm has a market cap of $1.04 billion, a PE ratio of 4.94, a PEG ratio of 5.24 and a beta of 1.44. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $2.57.

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

Insider Transactions at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now owns 29,921 shares of the company’s stock, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Kosmos Energy by 24.9% in the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after buying an additional 3,932 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Kosmos Energy by 10.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 4,381 shares during the last quarter. New York State Common Retirement Fund raised its position in Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after purchasing an additional 6,300 shares during the period. Xponance Inc. lifted its stake in Kosmos Energy by 21.1% during the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock worth $127,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Kosmos Energy by 17.0% during the first quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 6,649 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.