Kosmos Energy (NYSE:KOS) Lowered to Hold Rating by Benchmark

Kosmos Energy (NYSE:KOS) was downgraded by equities researchers at Benchmark from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat Ratings reports.

Several other equities research analysts have also recently issued reports on KOS. Mizuho decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.52.

Kosmos Energy Trading Down 11.4 %

Shares of KOS opened at $2.49 on Tuesday. Kosmos Energy has a fifty-two week low of $2.45 and a fifty-two week high of $6.58. The company has a market capitalization of $1.19 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. The stock has a fifty day moving average of $3.32 and a two-hundred day moving average of $3.80. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

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

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, SVP Christopher James Ball sold 84,898 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $264,881.76. Following the transaction, the senior vice president now owns 1,639,925 shares in the company, valued at $5,116,566. The trade was a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now owns 3,959,000 shares of the company’s stock, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Kosmos Energy

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

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.