Stephens Cuts Kosmos Energy (NYSE:KOS) Price Target to $2.40

Kosmos Energy (NYSE:KOS) had its price target reduced by Stephens from $3.00 to $2.40 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the oil and gas producer’s stock.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group downgraded Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Thursday, April 9th. Mizuho reiterated an “underperform” rating and issued a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kosmos Energy currently has a consensus rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Trading Up 3.4%

Shares of NYSE:KOS opened at $2.74 on Tuesday. Kosmos Energy has a 52 week low of $0.84 and a 52 week high of $3.34. The company’s 50 day moving average is $2.57 and its two-hundred day moving average is $2.32. The company has a market cap of $1.63 billion, a PE ratio of -1.63, a P/E/G ratio of 0.31 and a beta of 0.71. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56.

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

Insider Activity

In other news, CFO Nealesh D. Shah sold 45,980 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the transaction, the chief financial officer directly owned 1,935,410 shares in the company, valued at $3,967,590.50. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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, Director Steven Sterin sold 38,636 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $105,476.28. Following the transaction, the director owned 331,295 shares in the company, valued at approximately $904,435.35. This trade represents a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Captrust Financial Advisors lifted its holdings in shares of 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 valued at $26,000 after buying an additional 13,854 shares during the period. Cibc World Markets Corp acquired a new position in Kosmos Energy during the fourth quarter worth $28,000. Kestra Advisory Services LLC acquired a new position in Kosmos Energy during the first quarter worth $31,000. Caerus Investment Advisors LLC purchased a new position in Kosmos Energy in the first quarter worth $31,000. Finally, Abel Hall LLC purchased a new position in Kosmos Energy in the first quarter worth $36,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

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.