Kosmos Energy (NYSE:KOS) Trading Down 6.3% – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) traded down 6.3% on Tuesday . The stock traded as low as $2.84 and last traded at $2.84. 4,558,787 shares changed hands during trading, a decline of 80% from the average session volume of 23,146,547 shares. The stock had previously closed at $3.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Wednesday, March 25th. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $2.22.

Kosmos Energy Trading Down 5.3%

The firm has a market cap of $1.70 billion, a PE ratio of -1.71, a P/E/G ratio of 0.45 and a beta of 0.72. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The business has a fifty day moving average price of $2.83 and a 200 day moving average price of $1.91.

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

Insider Transactions at Kosmos Energy

In related news, Director J Michael Stice acquired 52,631 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director owned 207,620 shares of the company’s stock, valued at $394,478. The trade was a 33.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Nealesh D. Shah acquired 157,894 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $299,998.60. Following the completion of the transaction, the chief financial officer directly owned 1,863,061 shares in the company, valued at $3,539,815.90. This trade represents a 9.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 3,684,210 shares of company stock worth $6,999,999. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Equinox Partners Investment Management LLC lifted its position in Kosmos Energy by 6.2% during the 1st 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 period. Vanguard Group Inc. lifted its position in Kosmos Energy by 2.0% during the 3rd 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 period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kosmos Energy by 19.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock valued at $10,930,000 after buying an additional 1,962,936 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kosmos Energy by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock valued at $10,230,000 after buying an additional 832,029 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Kosmos Energy by 3.0% in the 3rd quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock valued at $16,439,000 after buying an additional 289,626 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

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.