Kosmos Energy (NYSE:KOS) Stock Price Down 6.9% – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s share price dropped 6.9% on Wednesday . The company traded as low as $1.42 and last traded at $1.4250. Approximately 7,406,540 shares traded hands during trading, a decline of 26% from the average daily volume of 10,036,766 shares. The stock had previously closed at $1.53.

Wall Street Analyst Weigh In

KOS has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Kosmos Energy in a research report on Wednesday, October 8th. Mizuho decreased their target price on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Clarkson Capital initiated coverage on Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price target on the stock. Stephens assumed coverage on shares of Kosmos Energy in a research report on Tuesday. They set an “equal weight” rating and a $1.75 price objective for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 price objective (down previously from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.07.

Kosmos Energy Stock Down 5.6%

The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. The stock’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $1.79. The firm has a market cap of $691.18 million, a P/E ratio of -4.38 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The company had revenue of $311.23 million for the quarter, compared to the consensus estimate of $360.82 million. Research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Kosmos Energy in the first quarter worth $157,000. Envestnet Asset Management Inc. raised its position in Kosmos Energy by 127.7% in the first quarter. Envestnet Asset Management Inc. now owns 418,075 shares of the oil and gas producer’s stock worth $953,000 after acquiring an additional 234,489 shares during the period. Cerity Partners LLC boosted its stake in Kosmos Energy by 17.0% in the first quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 6,649 shares during the last quarter. Signaturefd LLC grew its position in shares of Kosmos Energy by 200.6% during the 1st quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 18,405 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kosmos Energy during the 1st quarter valued at approximately $221,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.