Analysts Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $2.44

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $2.4357.

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Mizuho reissued an “underperform” rating and set a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th.

Insider Buying and Selling at Kosmos Energy

In other news, CEO Andrew G. Inglis sold 85,935 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $176,166.75. Following the completion of the sale, the chief executive officer directly owned 4,678,043 shares of the company’s stock, valued at $9,589,988.15. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $94,259.00. Following the completion of the transaction, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at $3,967,590.50. This trade represents a 2.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by insiders.

Institutional Trading of Kosmos Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in shares of Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 13,854 shares during the period. Old Port Advisors acquired a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new stake in shares of Kosmos Energy during the fourth quarter valued at approximately $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Kosmos Energy in the 1st quarter valued at approximately $31,000. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of Kosmos Energy in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Price Performance

NYSE:KOS opened at $2.23 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The business’s 50-day moving average price is $2.61 and its 200 day moving average price is $2.27. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The firm has a market cap of $1.32 billion, a P/E ratio of -1.33, a PEG ratio of 0.25 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The business had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. As a group, sell-side analysts predict that Kosmos Energy will post 0.29 earnings per share for the current fiscal year.

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.