Kosmos Energy (NYSE:KOS) Shares Down 3%

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded down 3% during trading on Friday . The stock traded as low as $4.86 and last traded at $4.88. 503,854 shares were traded during mid-day trading, a decline of 92% from the average session volume of 6,529,316 shares. The stock had previously closed at $5.03.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein lowered their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $8.00 target price on shares of Kosmos Energy in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.56.

Kosmos Energy Stock Down 3.2 %

The stock has a 50-day moving average of $5.25 and a 200-day moving average of $5.64. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.64. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.43 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $450.94 million for the quarter. Kosmos Energy had a return on equity of 39.32% and a net margin of 12.85%. Sell-side analysts predict that Kosmos Energy Ltd. will post 0.7 EPS for the current fiscal year.

Institutional Trading of Kosmos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Kosmos Energy during the second quarter valued at approximately $26,000. CWM LLC lifted its position in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 2,969 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in Kosmos Energy by 7,051.9% in the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 5,712 shares in the last quarter. Covestor Ltd grew its position in Kosmos Energy by 35,360.9% in the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in Kosmos Energy during the first quarter worth about $60,000. 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.