Kosmos Energy (NYSE:KOS) Shares Gap Down – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.63, but opened at $2.37. Kosmos Energy shares last traded at $2.44, with a volume of 3,081,392 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. 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. Finally, The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Kosmos Energy presently has an average rating of “Reduce” and a consensus price target of $2.22.

Kosmos Energy Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.45 and a debt-to-equity ratio of 5.53. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -1.70, a PEG ratio of 0.39 and a beta of 0.65. The stock’s 50 day moving average price is $2.41 and its two-hundred day moving average price is $1.68.

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

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director J Michael Stice acquired 52,631 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of $1.90 per share, with a total value of $99,998.90. Following the purchase, the director owned 207,620 shares in the company, valued at approximately $394,478. The trade was a 33.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew G. Inglis acquired 315,790 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $1.90 per share, for a total transaction of $600,001.00. Following the completion of the purchase, the chief executive officer owned 4,542,807 shares in the company, valued at $8,631,333.30. The trade was a 7.47% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 3,684,210 shares of company stock worth $6,999,999 and sold 272,844 shares worth $377,592. Insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in Kosmos Energy by 494.9% in the 1st quarter. SG Americas Securities LLC now owns 722,891 shares of the oil and gas producer’s stock valued at $2,010,000 after purchasing an additional 601,368 shares in the last quarter. Alpine Global Management LLC purchased a new position in Kosmos Energy in the 4th quarter valued at about $188,000. Aristides Capital LLC purchased a new position in Kosmos Energy in the 4th quarter valued at about $179,000. XTX Topco Ltd lifted its holdings in Kosmos Energy by 500.6% in the 4th quarter. XTX Topco Ltd now owns 914,037 shares of the oil and gas producer’s stock valued at $829,000 after purchasing an additional 761,861 shares in the last quarter. Finally, Numerai GP LLC purchased a new position in Kosmos Energy in the 4th quarter valued at about $69,000. 95.33% of the stock is owned by institutional investors and hedge funds.

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.