Kosmos Energy (NYSE:KOS) Shares Gap Down – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped down before the market opened on Wednesday . The stock had previously closed at $1.37, but opened at $1.30. Kosmos Energy shares last traded at $1.3250, with a volume of 1,890,642 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KOS. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research note on Monday, September 22nd. Stephens initiated coverage on Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. Mizuho cut their price target on Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Clarkson Capital initiated coverage on shares of Kosmos Energy in a research note on Friday, October 24th. They issued a “buy” rating and a $4.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kosmos Energy has an average rating of “Hold” and a consensus target price of $3.07.

Kosmos Energy Trading Down 4.0%

The firm has a market cap of $629.00 million, a P/E ratio of -3.98 and a beta of 1.44. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The company’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.79.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $311.23 million during the quarter, compared to analyst estimates of $360.82 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. As a group, sell-side analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Kosmos Energy

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Kosmos Energy by 11.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock worth $17,750,000 after acquiring an additional 815,582 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Kosmos Energy by 26.8% in the 1st quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock valued at $12,129,000 after purchasing an additional 1,125,724 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Kosmos Energy in the 1st quarter worth $3,749,000. Raymond James Financial Inc. grew its stake in shares of Kosmos Energy by 220.1% during the first quarter. Raymond James Financial Inc. now owns 1,917,488 shares of the oil and gas producer’s stock worth $4,372,000 after purchasing an additional 1,318,383 shares during the period. Finally, Nantahala Capital Management LLC bought a new stake in Kosmos Energy in the first quarter valued at about $3,914,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.