Kosmos Energy (NYSE:KOS) Shares Gap Down – Here’s Why

Kosmos Energy Ltd. (NYSE:KOS) gapped down prior to trading on Thursday . The stock had previously closed at $1.99, but opened at $1.91. Kosmos Energy shares last traded at $1.81, with a volume of 1,146,782 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, April 30th. StockNews.com upgraded Kosmos Energy to a “sell” rating in a research note on Friday. Mizuho lowered their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.02.

Kosmos Energy Stock Down 0.3%

The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The firm’s 50-day moving average price is $1.89 and its 200 day moving average price is $2.87. The firm has a market cap of $834.13 million, a P/E ratio of 3.97, a PEG ratio of 5.24 and a beta of 1.46.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Kosmos Energy by 46.5% during the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after acquiring an additional 962,057 shares during the period. Franklin Resources Inc. grew its position in Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 4,640 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kosmos Energy by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 624,604 shares of the oil and gas producer’s stock valued at $2,517,000 after buying an additional 37,114 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at $127,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Kosmos Energy in the 4th quarter valued at $58,000. 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.