Kosmos Energy (NYSE:KOS) Releases Quarterly Earnings Results

Kosmos Energy (NYSE:KOS) issued its quarterly earnings results on Monday. The oil and gas producer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%.

Kosmos Energy Trading Down 4.3 %

Shares of KOS opened at $3.21 on Monday. The stock’s fifty day simple moving average is $3.35 and its 200 day simple moving average is $3.87. Kosmos Energy has a twelve month low of $2.62 and a twelve month high of $6.58. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $1.51 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, SVP Christopher James Ball sold 84,898 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $264,881.76. Following the transaction, the senior vice president now directly owns 1,639,925 shares of the company’s stock, valued at $5,116,566. The trade was a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the sale, the chief accounting officer now owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 503,970 shares of company stock valued at $1,572,386. Company insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

KOS has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.52.

Kosmos Energy Company Profile

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.