Kosmos Energy (NYSE:KOS) Price Target Cut to $2.40 by Analysts at Stephens

Kosmos Energy (NYSE:KOS) had its target price lowered by Stephens from $3.00 to $2.40 in a research report report published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the oil and gas producer’s stock.

A number of other equities research analysts also recently weighed in on KOS. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research note on Thursday, April 9th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2.53.

Kosmos Energy Stock Performance

NYSE:KOS opened at $2.44 on Tuesday. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -1.45, a PEG ratio of 0.27 and a beta of 0.71. The firm’s 50-day moving average is $2.58 and its 200-day moving average is $2.30. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60.

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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. Equities research analysts anticipate that Kosmos Energy will post 0.29 earnings per share for the current year.

Insider Transactions at Kosmos Energy

In other news, 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 transaction of $94,259.00. Following the completion of the sale, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at $3,967,590.50. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CEO Andrew G. Inglis sold 85,935 shares of Kosmos Energy stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the sale, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders sold 294,580 shares of company stock valued at $689,275. Insiders own 1.90% of the company’s stock.

Institutional Trading of Kosmos Energy

A number of institutional investors have recently made changes to their positions in KOS. Goldman Sachs Group Inc. lifted its position in Kosmos Energy by 175.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after buying an additional 4,308,275 shares in the last quarter. Renaissance Technologies LLC raised its stake in Kosmos Energy by 224.0% in the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after buying an additional 3,691,800 shares during the period. First Trust Advisors LP lifted its holdings in Kosmos Energy by 66.9% during the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after purchasing an additional 2,825,517 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after buying an additional 2,477,102 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kosmos Energy by 19.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after acquiring an additional 1,962,936 shares during the last quarter. 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.