Kosmos Energy (NYSE:KOS) Stock Price Down 16.4% – Here’s What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS) fell 16.4% during trading on Thursday . The stock traded as low as $1.94 and last traded at $1.91. 2,591,299 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 7,824,371 shares. The stock had previously closed at $2.28.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Benchmark lowered Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Mizuho decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $5.27.

Kosmos Energy Stock Down 16.9 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market capitalization of $714.47 million, a PE ratio of 3.40, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The firm’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $3.41.

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

Insider Activity at Kosmos Energy

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 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 value of $50,369.28. Following the sale, the senior vice president now owns 172,057 shares of the company’s stock, valued at $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

Several hedge funds have recently bought and sold shares of KOS. Stifel Financial Corp boosted its stake in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock valued at $67,000 after acquiring an additional 3,932 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kosmos Energy by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 4,381 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after buying an additional 4,640 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after buying an additional 6,300 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 6,460 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.