Kosmos Energy (NYSE:KOS) Director Roy Franklin Sells 43,466 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) Director Roy 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 owned 150,722 shares of the company’s stock, valued at $411,471.06. This trade represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Up 2.2%

Shares of Kosmos Energy stock opened at $2.80 on Friday. Kosmos Energy Ltd. has a 1 year low of $0.84 and a 1 year high of $3.34. The business has a 50-day moving average of $2.86 and a two-hundred day moving average of $1.94. The company has a market capitalization of $1.66 billion, a P/E ratio of -1.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.72. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $370.73 million during 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%. As a group, equities analysts predict that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after purchasing an additional 689,800 shares during the last quarter. Amundi boosted its holdings in Kosmos Energy by 97.4% during the first quarter. Amundi now owns 154,931 shares of the oil and gas producer’s stock worth $431,000 after purchasing an additional 76,442 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Kosmos Energy by 52.3% during the first quarter. California State Teachers Retirement System now owns 663,917 shares of the oil and gas producer’s stock worth $1,846,000 after purchasing an additional 227,978 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Kosmos Energy during the first quarter worth $147,000. Finally, Renaissance Technologies LLC boosted its holdings in Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock worth $14,844,000 after purchasing an additional 3,691,800 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

KOS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Mizuho reaffirmed an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, March 25th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Kosmos Energy currently has an average rating of “Reduce” and a consensus price target of $2.44.

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.