Kosmos Energy (NYSE:KOS) Director John Douglas Kelso Grant Sells 43,466 Shares

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 43,466 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director owned 82,311 shares in the company, valued at approximately $224,709.03. The trade was a 34.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Trading Up 2.2%

Kosmos Energy stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.34. The stock has a market capitalization of $1.66 billion, a PE ratio of -1.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.72. The business’s fifty day moving average is $2.86 and its 200 day moving average is $1.94.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) 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 business had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KOS shares. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a report on Wednesday. Johnson Rice upgraded shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Wednesday, March 25th. Weiss Ratings cut Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Finally, Mizuho reissued an “underperform” rating and issued a $3.00 target price (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has an average rating of “Reduce” and an average target price of $2.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in shares of Kosmos Energy by 93.9% during the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 13,854 shares during the last quarter. Old Port Advisors purchased a new position in shares of Kosmos Energy during the 4th quarter worth $27,000. Cibc World Markets Corp purchased a new position in shares of Kosmos Energy during the 4th quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in shares of Kosmos Energy during the 1st quarter worth $31,000. Finally, Abel Hall LLC purchased a new position in shares of Kosmos Energy during the 1st quarter worth $36,000. Hedge funds and other 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.