Christopher James Ball Sells 84,898 Shares of Kosmos Energy Ltd. (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) SVP Christopher James Ball sold 84,898 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $264,881.76. Following the completion of the transaction, the senior vice president now owns 1,639,925 shares of the company’s stock, valued at approximately $5,116,566. This trade represents a 4.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kosmos Energy Price Performance

Shares of KOS stock traded down $0.10 during midday trading on Thursday, reaching $3.01. 6,751,382 shares of the company traded hands, compared to its average volume of 7,412,923. The firm’s 50 day simple moving average is $3.44 and its two-hundred day simple moving average is $4.05. The firm has a market cap of $1.42 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Hedge Funds Weigh In On Kosmos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Fruth Investment Management raised its holdings in Kosmos Energy by 10.2% in the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Kosmos Energy by 13.6% in the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after buying an additional 3,700 shares during the period. Franklin Resources Inc. boosted 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 valued at $531,000 after acquiring an additional 4,640 shares during the period. Avidian Wealth Enterprises LLC boosted its position in Kosmos Energy by 42.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock worth $66,000 after acquiring an additional 4,921 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Kosmos Energy by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after acquiring an additional 6,300 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

KOS has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Sanford C. Bernstein dropped their price objective on shares of 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. Benchmark dropped their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho reduced their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

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.