Kosmos Energy (NYSE:KOS) Shares Gap Down – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped down prior to trading on Monday . The stock had previously closed at $2.84, but opened at $2.61. Kosmos Energy shares last traded at $2.77, with a volume of 7,081,350 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KOS shares. Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $4.50 to $3.50 in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. The Goldman Sachs Group lifted their price objective on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Bank of America reaffirmed an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Finally, Mizuho cut their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $2.08.

Kosmos Energy Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The company has a market capitalization of $1.28 billion, a P/E ratio of -1.82, a P/E/G ratio of 0.43 and a beta of 0.76. The company’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $1.53.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, March 2nd. The oil and gas producer reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%.The business had revenue of $294.62 million for the quarter, compared to analyst estimates of $323.46 million. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In other Kosmos Energy news, SVP Josh R. Marion sold 19,656 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the transaction, the senior vice president directly owned 197,409 shares in the company, valued at $270,450.33. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Michael Stice purchased 52,631 shares of Kosmos Energy stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $1.90 per share, with a total value of $99,998.90. Following the transaction, the director directly owned 207,620 shares of the company’s stock, valued at approximately $394,478. The trade was a 33.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. Corporate insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 13,854 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Kosmos Energy during the second quarter valued at approximately $27,000. Old Port Advisors bought a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $27,000. Cibc World Markets Corp bought a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $28,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Kosmos Energy by 35.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 11,209 shares during the last quarter. 95.33% of the stock is owned by 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.