Kosmos Energy (NYSE:KOS) Trading Down 5%

Kosmos Energy Ltd. (NYSE:KOS)’s stock price traded down 5% during mid-day trading on Monday . The company traded as low as $3.95 and last traded at $3.95. 2,935,373 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 6,529,868 shares. The stock had previously closed at $4.16.

Analyst Upgrades and Downgrades

KOS has been the topic of a number of research analyst reports. Sanford C. Bernstein decreased their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.56.

Kosmos Energy Price Performance

The stock has a market capitalization of $1.82 billion, a P/E ratio of 8.41, a PEG ratio of 0.57 and a beta of 2.42. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27. The company has a fifty day simple moving average of $5.08 and a two-hundred day simple moving average of $5.55.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. The business had revenue of $450.94 million during the quarter. Sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. boosted its holdings in Kosmos Energy by 23.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock worth $149,867,000 after buying an additional 4,830,005 shares during the last quarter. American Century Companies Inc. raised its position in shares of Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after acquiring an additional 3,636,663 shares during the period. M&G Plc bought a new position in Kosmos Energy during the 1st quarter worth approximately $20,800,000. Webs Creek Capital Management LP acquired a new position in Kosmos Energy during the first quarter valued at approximately $17,396,000. Finally, Weiss Asset Management LP bought a new stake in Kosmos Energy in the fourth quarter valued at approximately $14,762,000. 95.33% of the stock is currently owned by institutional investors.

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.