Kosmos Energy (NYSE:KOS) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Kosmos Energy (NYSE:KOS) announced its quarterly earnings data on Monday. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02, FiscalAI reports. The company had revenue of $607.25 million for the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%.

Kosmos Energy Price Performance

KOS opened at $2.69 on Monday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1.60, a PEG ratio of 0.31 and a beta of 0.72. The firm has a 50 day moving average price of $2.50 and a 200-day moving average price of $2.39. Kosmos Energy has a twelve month low of $0.84 and a twelve month high of $3.34. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KOS shares. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a report on Thursday, April 9th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Stephens decreased their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Finally, Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $2.53.

Insider Buying and Selling

In other Kosmos Energy news, SVP Josh R. Marion sold 24,969 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $51,186.45. Following the completion of the sale, the senior vice president owned 233,404 shares of the company’s stock, valued at approximately $478,478.20. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Steven Sterin sold 38,636 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the completion of the sale, the director directly owned 331,295 shares of the company’s stock, valued at approximately $904,435.35. This trade represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 294,580 shares of company stock valued at $689,275 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Kosmos Energy

Large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in Kosmos Energy by 41.0% during the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares during the last quarter. Captrust Financial Advisors boosted its position in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Kosmos Energy during the 4th quarter valued at about $28,000. Equitable Holdings Inc. bought a new stake in shares of Kosmos Energy during the 3rd quarter valued at about $58,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Kosmos Energy during the 2nd quarter valued at about $62,000. Institutional investors own 95.33% of the company’s stock.

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.