Kosmos Energy (NYSE:KOS) Trading Down 6.6% – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price was down 6.6% during trading on Thursday . The stock traded as low as $2.14 and last traded at $2.14. 4,840,534 shares changed hands during trading, a decline of 77% from the average daily volume of 21,011,928 shares. The stock had previously closed at $2.29.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KOS shares. Mizuho reaffirmed an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. 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. According to data from MarketBeat.com, Kosmos Energy has a consensus rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Stock Down 6.1%

The business’s 50 day moving average is $2.71 and its 200 day moving average is $2.21. 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 stock has a market cap of $1.28 billion, a price-to-earnings ratio of -1.28, a price-to-earnings-growth ratio of 0.26 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last announced 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). The firm had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. Equities analysts expect that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.

Insider Activity

In related news, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director directly owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. This represents a 22.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was 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 of the company’s stock, valued at $9,589,988.15. The trade was 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 sold 294,580 shares of company stock valued at $689,275 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its stake in Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 13,854 shares during the period. Old Port Advisors acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at $27,000. Cibc World Markets Corp purchased a new position in shares of Kosmos Energy during the 4th quarter valued at $28,000. Kestra Advisory Services LLC acquired a new position in shares of Kosmos Energy in the first quarter worth $31,000. Finally, Caerus Investment Advisors LLC acquired a new position in shares of Kosmos Energy in the first quarter worth $31,000. 95.33% of the stock is owned by hedge funds and other 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.