Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Price Target at $2.44

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

Several analysts have recently issued reports on the company. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Thursday, April 9th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Wednesday, March 25th. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 45,980 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the completion of the transaction, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at $3,967,590.50. The trade was a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, Director Roy A. Franklin sold 43,466 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 294,580 shares of company stock worth $689,275 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors have recently made changes to their positions in KOS. Assenagon Asset Management S.A. bought a new stake in Kosmos Energy during the 2nd quarter valued at approximately $138,000. Militia Capital Management LLC acquired a new stake in Kosmos Energy in the 1st quarter valued at approximately $70,000. Parallel Advisors LLC increased its position in Kosmos Energy by 106.5% in the 1st quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 13,031 shares during the period. Caerus Investment Advisors LLC bought a new position in Kosmos Energy in the 1st quarter worth approximately $31,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 689,800 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Trading Up 6.1%

Shares of NYSE:KOS opened at $2.44 on Wednesday. The stock has a market capitalization of $1.45 billion, a PE ratio of -1.45, a P/E/G ratio of 0.27 and a beta of 0.71. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.34. The firm has a fifty day moving average price of $2.58 and a 200 day moving average price of $2.30. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The business had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Analysts expect that Kosmos Energy will post 0.29 EPS for the current fiscal year.

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.