Insider Selling: Kosmos Energy (NYSE:KOS) Director Sells 38,636 Shares of Stock

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

Kosmos Energy Price Performance

Shares of NYSE KOS traded up $0.06 during midday trading on Friday, hitting $2.80. The company had a trading volume of 12,225,828 shares, compared to its average volume of 22,864,020. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The business has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $1.94. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -1.67, a price-to-earnings-growth ratio of 0.40 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The company had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on KOS shares. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. 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 note on Wednesday, March 25th. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $2.44.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Equinox Partners Investment Management LLC raised its position in Kosmos Energy by 6.2% during the first quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after acquiring an additional 1,208,053 shares during the last quarter. Vanguard Group Inc. raised its position in Kosmos Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock worth $23,772,000 after acquiring an additional 286,593 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kosmos Energy by 19.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after acquiring an additional 1,962,936 shares during the last quarter. Geode Capital Management LLC raised its position in Kosmos Energy by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock worth $10,230,000 after acquiring an additional 832,029 shares during the last quarter. Finally, Invesco Ltd. raised its position in Kosmos Energy by 3.0% during the third quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock worth $16,439,000 after acquiring an additional 289,626 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

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.