Kosmos Energy Ltd. (NYSE:KOS) Given Average Recommendation of “Hold” by Brokerages

Kosmos Energy Ltd. (NYSE:KOS) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $2.1857.

Several brokerages have recently weighed in on KOS. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group increased their price target on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Mizuho reduced their price objective on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Johnson Rice raised Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Wednesday, March 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th.

Kosmos Energy Trading Up 0.3%

Shares of KOS opened at $2.93 on Monday. The stock has a market cap of $1.41 billion, a PE ratio of -2.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.02. The firm’s fifty day moving average is $2.16 and its two-hundred day moving average is $1.61. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $294.62 million for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. Research analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Nealesh D. Shah purchased 157,894 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average price of $1.90 per share, with a total value of $299,998.60. Following the transaction, the chief financial officer owned 1,863,061 shares in the company, valued at $3,539,815.90. The trade was a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew G. Inglis acquired 315,790 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $1.90 per share, with a total value of $600,001.00. Following the acquisition, the chief executive officer directly owned 4,542,807 shares of the company’s stock, valued at $8,631,333.30. This trade represents a 7.47% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 3,684,210 shares of company stock worth $6,999,999 and have sold 272,844 shares worth $377,592. 1.99% of the stock is owned by insiders.

Institutional Trading of Kosmos Energy

Several hedge funds have recently made changes to their positions in KOS. AQR Capital Management LLC lifted its holdings in Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after acquiring an additional 140,261 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 12,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after acquiring an additional 443,384 shares during the last quarter. Strs Ohio purchased a new stake in Kosmos Energy in the first quarter valued at $120,000. Finally, Rhumbline Advisers raised its position in Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock valued at $1,237,000 after purchasing an additional 52,750 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

About Kosmos Energy

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.