Kosmos Energy Ltd. (NYSE:KOS) Receives $2.53 Consensus Price Target from Analysts

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

KOS has been the topic of several recent research reports. Wall Street Zen upgraded Kosmos Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. Stephens cut their target price 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, August 3rd.

Insider Activity

In other news, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $94,259.00. Following the transaction, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 G. Inglis sold 85,935 shares of the business’s 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 $176,166.75. Following the completion of the transaction, the chief executive officer owned 4,678,043 shares of the company’s stock, valued at $9,589,988.15. This represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $346,475 in the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd raised its stake in shares of Kosmos Energy by 12.2% in the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock valued at $82,000 after purchasing an additional 4,215 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Kosmos Energy by 10.2% in the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 4,361 shares during the last quarter. GTS Securities LLC raised its holdings in shares of Kosmos Energy by 23.8% in the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 5,499 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Kosmos Energy by 7.8% in the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock worth $197,000 after purchasing an additional 6,757 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 7,169 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Price Performance

Shares of KOS stock opened at $2.85 on Thursday. Kosmos Energy has a 1 year low of $0.84 and a 1 year high of $3.34. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. The firm’s 50 day moving average is $2.56 and its 200-day moving average is $2.64. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -2.39, a PEG ratio of 0.21 and a beta of 0.73.

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. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The business had revenue of $607.25 million during the quarter, compared to analyst estimates of $483.23 million. Sell-side analysts forecast that Kosmos Energy will post 0.45 EPS for the current fiscal year.

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.