Kosmos Energy (NYSE:KOS) Lowered to “Sell” Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Kosmos Energy (NYSE:KOS) from a neutral rating to a sell rating in a research report report published on Thursday morning, MarketBeat Ratings reports. The Goldman Sachs Group currently has $2.25 target price on the oil and gas producer’s stock.

Other equities analysts have also issued reports about the stock. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Wednesday, March 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating for the company in a research report on Monday, January 5th. Finally, Mizuho lowered their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $2.22.

Kosmos Energy Price Performance

KOS stock opened at $2.55 on Thursday. The firm has a 50 day moving average of $2.27 and a 200-day moving average of $1.64. The company has a current ratio of 0.75, a quick ratio of 0.45 and a debt-to-equity ratio of 5.53. Kosmos Energy has a 12 month low of $0.84 and a 12 month high of $3.17. The firm has a market capitalization of $1.23 billion, a P/E ratio of -1.75, a price-to-earnings-growth ratio of 0.41 and a beta of 0.65.

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

Insiders Place Their Bets

In other Kosmos Energy news, Director Adebayo O. Ogunlesi purchased 3,157,895 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the purchase, the director owned 4,974,184 shares of the company’s stock, valued at $9,450,949.60. The trade was a 173.87% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Michael Stice purchased 52,631 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average cost of $1.90 per share, for a total transaction of $99,998.90. Following the completion of the purchase, the director directly owned 207,620 shares of the company’s stock, valued at approximately $394,478. This represents a 33.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. Company insiders own 1.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC raised its stake in shares of Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. M&G PLC raised its stake in shares of Kosmos Energy by 38.3% during the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after acquiring an additional 2,210,302 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Kosmos Energy by 34.1% during the third quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock worth $4,561,000 after acquiring an additional 698,740 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Kosmos Energy by 40.5% during the third quarter. Rafferty Asset Management LLC now owns 738,806 shares of the oil and gas producer’s stock worth $1,226,000 after acquiring an additional 212,970 shares in the last quarter. Finally, GF Fund Management CO. LTD. increased its stake in shares of Kosmos Energy by 10.9% in the fourth quarter. GF Fund Management CO. LTD. now owns 143,809 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 14,151 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.