Kosmos Energy (NYSE:KOS) Stock Price Down 8.3% Following Weak Earnings

Shares of Kosmos Energy Ltd. (NYSE:KOS) dropped 8.3% during trading on Monday following a dissappointing earnings announcement. The company traded as low as $2.90 and last traded at $2.92. Approximately 3,577,133 shares changed hands during trading, a decline of 52% from the average daily volume of 7,513,113 shares. The stock had previously closed at $3.18.

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 return on equity of 31.08% and a net margin of 12.21%.

Analyst Ratings Changes

KOS has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Mizuho decreased their target price on 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 target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark decreased their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.52.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the business’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 $50,487.84. Following the transaction, the chief accounting officer now directly owns 320,231 shares in the company, valued at approximately $999,120.72. The trade was a 4.81 % 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. 2.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $28,000. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy during the fourth quarter worth $34,000. Disciplined Investors L.L.C. acquired a new position in Kosmos Energy during the fourth quarter worth $36,000. Sapient Capital LLC acquired a new position in Kosmos Energy during the fourth quarter worth $37,000. Finally, Signaturefd LLC lifted its stake in Kosmos Energy by 39,777.8% during the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 8.0 %

The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The business has a 50 day simple moving average of $3.35 and a 200 day simple moving average of $3.87. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 5.24 and a beta of 2.41.

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.