Kosmos Energy (NYSE:KOS) Sets New 12-Month Low on Disappointing Earnings

Kosmos Energy Ltd. (NYSE:KOS)’s stock price reached a new 52-week low during mid-day trading on Monday following a dissappointing earnings announcement. The stock traded as low as $1.36 and last traded at $1.4350, with a volume of 3102676 shares changing hands. The stock had previously closed at $1.57.

The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The company had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $444.26 million.

Analysts Set New Price Targets

KOS has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kosmos Energy in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Finally, Clarkson Capital initiated coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They set a “buy” rating and a $4.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.10.

Institutional Investors Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. J. Safra Sarasin Holding AG lifted its position in Kosmos Energy by 115.9% during the third quarter. J. Safra Sarasin Holding AG now owns 387,556 shares of the oil and gas producer’s stock valued at $643,000 after acquiring an additional 208,074 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Kosmos Energy in the third quarter worth $50,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Kosmos Energy by 31.7% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 120,149 shares of the oil and gas producer’s stock worth $199,000 after buying an additional 28,922 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Kosmos Energy by 72.3% in the third quarter. SG Americas Securities LLC now owns 55,305 shares of the oil and gas producer’s stock worth $92,000 after buying an additional 23,216 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Kosmos Energy in the third quarter worth $455,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Down 6.1%

The stock’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.81. The firm has a market cap of $705.42 million, a PE ratio of -4.47 and a beta of 1.43. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25.

Kosmos Energy Company Profile

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.