The Goldman Sachs Group Has Lowered Expectations for Kosmos Energy (NYSE:KOS) Stock Price

Kosmos Energy (NYSE:KOS) had its target price decreased by The Goldman Sachs Group from $5.00 to $4.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 72.04% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Mizuho cut their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price target 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 given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Price Performance

Shares of KOS traded down $0.02 during trading hours on Thursday, reaching $2.33. 2,925,520 shares of the company traded hands, compared to its average volume of 7,679,926. The stock has a market capitalization of $1.11 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The stock has a fifty day simple moving average of $2.87 and a 200 day simple moving average of $3.49. Kosmos Energy has a fifty-two week low of $2.07 and a fifty-two week high of $6.58. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results 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). The firm had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, research analysts predict that Kosmos Energy will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 102,701 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 $320,427.12. Following the sale, the chief executive officer now directly owns 4,236,691 shares of the company’s stock, valued at approximately $13,218,475.92. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,369.28. Following the sale, the senior vice president now directly owns 172,057 shares in the company, valued at $536,817.84. The trade was a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock valued at $1,572,386 in the last 90 days. 2.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Kosmos Energy during the 3rd quarter worth about $28,000. VSM Wealth Advisory LLC bought a new stake in shares of Kosmos Energy during the fourth quarter worth approximately $34,000. Disciplined Investors L.L.C. acquired a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $36,000. CTC Alternative Strategies Ltd. bought a new position in shares of Kosmos Energy during the third quarter worth approximately $43,000. Finally, Sapient Capital LLC bought a new stake in Kosmos Energy in the 4th quarter valued at $37,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Company Profile

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.