Kosmos Energy (NYSE:KOS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kosmos Energy (NYSE:KOS) from a buy rating to a strong-buy rating in a research report released on Saturday morning,Wall Street Zen reports.

KOS has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Royal Bank Of Canada lowered Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Stephens cut their price objective on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Kosmos Energy has an average rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Price Performance

NYSE:KOS opened at $2.79 on Friday. The business’s 50-day moving average price is $2.53 and its 200 day moving average price is $2.62. The firm has a market cap of $1.66 billion, a P/E ratio of -2.34, a PEG ratio of 0.21 and a beta of 0.73. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. As a group, sell-side analysts predict that Kosmos Energy will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Josh Marion sold 24,969 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $51,186.45. Following the sale, the senior vice president owned 233,404 shares of the company’s stock, valued at $478,478.20. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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, CEO Andrew Inglis sold 85,935 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $176,166.75. Following the sale, the chief executive officer owned 4,678,043 shares in the company, valued at $9,589,988.15. This trade represents a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 169,012 shares of company stock worth $346,475 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in Kosmos Energy in the 1st quarter worth about $31,000. Caerus Investment Advisors LLC bought a new position in shares of Kosmos Energy during the first quarter worth approximately $31,000. Pallas Capital Advisors LLC bought a new position in shares of Kosmos Energy during the second quarter worth approximately $25,000. Proficio Capital Partners LLC acquired a new stake in shares of Kosmos Energy in the second quarter valued at approximately $27,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Kosmos Energy in the second quarter valued at approximately $27,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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.