Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $2.53

Kosmos Energy Ltd. (NYSE:KOS) has received an average rating of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $2.5286.

A number of research firms recently issued reports on KOS. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd. Stephens decreased their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Kosmos Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, SVP Josh Marion sold 24,969 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the sale, the senior vice president directly owned 233,404 shares in the company, valued at $478,478.20. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, CEO Andrew Inglis sold 85,935 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This represents a 1.80% decrease in their position. 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. Over the last ninety days, insiders sold 169,012 shares of company stock valued at $346,475. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC purchased a new stake in shares of Kosmos Energy during the 2nd quarter valued at approximately $25,000. Captrust Financial Advisors grew 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in Kosmos Energy during the 2nd quarter valued at $27,000. Sanctuary Advisors LLC bought a new stake in Kosmos Energy during the 2nd quarter valued at $27,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Kosmos Energy during the fourth quarter worth $28,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 1.1%

KOS stock opened at $2.79 on Thursday. The stock’s fifty day simple moving average is $2.51 and its two-hundred day simple moving average is $2.61. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34. The stock has a market cap of $1.66 billion, a P/E ratio of -2.34, a P/E/G ratio of 0.21 and a beta of 0.73.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. Analysts expect that Kosmos Energy will post 0.45 EPS for the current year.

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.