Kosmos Energy (NYSE:KOS) Shares Down 4.9% on Analyst Downgrade

Kosmos Energy Ltd. (NYSE:KOS)’s share price dropped 4.9% during trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $3.50 to $3.00. The Goldman Sachs Group currently has a buy rating on the stock. Kosmos Energy traded as low as $1.64 and last traded at $1.67. Approximately 3,247,258 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 8,420,729 shares. The stock had previously closed at $1.75.

Several other research firms have also recently issued reports on KOS. Mizuho decreased their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. StockNews.com raised shares of Kosmos Energy to a “sell” rating in a research note on Friday. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kosmos Energy has an average rating of “Hold” and a consensus target price of $4.93.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its stake in shares of Kosmos Energy by 24.9% in the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 3,932 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Kosmos Energy by 10.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock valued at $155,000 after buying an additional 4,381 shares in the last quarter. Franklin Resources Inc. increased its stake 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 valued at $531,000 after buying an additional 4,640 shares during the period. New York State Common Retirement Fund raised its position in shares of Kosmos Energy by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after buying an additional 6,300 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 6,460 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Down 1.4%

The firm has a market cap of $824.57 million, a price-to-earnings ratio of 3.92, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average is $1.88 and its 200 day moving average is $2.84.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

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.