Kosmos Energy (NYSE:KOS) Shares Down 5.2% – Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS) traded down 5.2% during mid-day trading on Monday . The stock traded as low as $2.66 and last traded at $2.67. 1,171,402 shares changed hands during trading, a decline of 85% from the average session volume of 7,874,540 shares. The stock had previously closed at $2.81.

Analyst Upgrades and Downgrades

KOS has been the subject of a number of research reports. Mizuho reduced their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.52.

Kosmos Energy Stock Down 11.4 %

The stock has a market capitalization of $1.19 billion, a P/E ratio of 5.66, a P/E/G ratio of 5.24 and a beta of 2.41. The stock’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.80. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. As a group, research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other news, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares in the company, valued at approximately $536,817.84. The trade was a 8.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the sale, the chief accounting officer now owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 in the last 90 days. Corporate insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

A number of large investors have recently bought and sold shares of the stock. Encompass Capital Advisors LLC bought a new stake in Kosmos Energy during the 4th quarter valued at $35,723,000. Patient Capital Management LLC raised its stake in shares of Kosmos Energy by 81.6% during the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after acquiring an additional 7,707,707 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Kosmos Energy by 22.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock worth $111,586,000 after purchasing an additional 5,906,210 shares during the period. William Blair Investment Management LLC grew its stake in shares of Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after purchasing an additional 4,114,499 shares during the last quarter. Finally, Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 39.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Kosmos Energy

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.