Kosmos Energy (NYSE:KOS) Shares Gap Down – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOS) gapped down before the market opened on Monday . The stock had previously closed at $4.17, but opened at $3.99. Kosmos Energy shares last traded at $4.00, with a volume of 1,546,048 shares trading hands.

Analyst Upgrades and Downgrades

KOS has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a report on Wednesday, October 16th. Bank of America cut their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Mizuho started coverage on Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective on the stock. Finally, Sanford C. Bernstein cut their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Kosmos Energy Trading Down 5.0 %

The firm has a market capitalization of $1.78 billion, a P/E ratio of 8.22, a PEG ratio of 0.51 and a beta of 2.41. The stock has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $5.14. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The business had revenue of $450.94 million for the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 4.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer’s stock valued at $145,769,000 after purchasing an additional 1,166,726 shares during the period. American Century Companies Inc. boosted its position in shares of Kosmos Energy by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after purchasing an additional 3,636,663 shares during the period. William Blair Investment Management LLC boosted its position in Kosmos Energy by 13.5% in the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after buying an additional 1,624,495 shares during the period. Vanguard Group Inc. increased its holdings in Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after buying an additional 258,460 shares during the last quarter. Finally, Equinox Partners Investment Management LLC grew its holdings in shares of Kosmos Energy by 29.4% during the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

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.