Kosmos Energy (NYSE:KOS) Stock Price Down 7.1% – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS)’s share price traded down 7.1% during mid-day trading on Tuesday . The company traded as low as $2.32 and last traded at $2.35. 2,406,012 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 20,498,063 shares. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

Several research analysts have commented on KOS shares. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research report on Friday. Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a research report on Thursday, April 9th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Trading Down 6.3%

The business has a fifty day simple moving average of $2.49 and a 200-day simple moving average of $2.40. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.36 and a current ratio of 0.60. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -1.41, a PEG ratio of 0.31 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Douglas Kelso Grant sold 43,466 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the transaction, the director owned 82,311 shares in the company, valued at $224,709.03. This trade represents a 34.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director owned 150,722 shares in the company, valued at approximately $411,471.06. This represents a 22.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 294,580 shares of company stock worth $689,275 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Kosmos Energy

Several institutional investors have recently modified their holdings of KOS. Kiker Wealth Management LLC acquired a new stake in Kosmos Energy in the second quarter valued at $426,000. Pictet Asset Management Holding SA grew its position in shares of Kosmos Energy by 7.8% in the 2nd quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock valued at $197,000 after buying an additional 6,757 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Kosmos Energy by 12.2% in the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock valued at $82,000 after buying an additional 4,215 shares during the last quarter. Banco Santander S.A. increased its stake in shares of Kosmos Energy by 321.9% in the second quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock valued at $1,109,000 after buying an additional 400,842 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Kosmos Energy in the second quarter valued at about $138,000. Institutional investors 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.