Kosmos Energy (NYSE:KOS) Sets New 1-Year Low – Here’s Why

Kosmos Energy Ltd. (NYSE:KOS) reached a new 52-week low on Wednesday . The stock traded as low as $2.62 and last traded at $2.65, with a volume of 15940020 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

KOS has been the topic of several recent analyst reports. Sanford C. Bernstein decreased their price target on 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. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. Benchmark dropped their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, Mizuho lowered 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.52.

Kosmos Energy Price Performance

The company has a 50 day moving average price of $3.34 and a 200-day moving average price of $3.85. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 5.24 and a beta of 2.41. 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 announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. As a group, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Kosmos Energy news, CFO Nealesh D. Shah sold 56,987 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $177,799.44. Following the completion of the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This trade represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 in the last three months. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Several large investors have recently modified their holdings of the company. Stifel Financial Corp grew its holdings in Kosmos Energy by 24.9% during the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 3,932 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Kosmos Energy by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 4,381 shares during the period. Franklin Resources Inc. increased its stake in shares of Kosmos Energy by 3.9% in the 3rd 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 in the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of 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 valued at $66,000 after acquiring an additional 4,921 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after purchasing an additional 6,300 shares during the period. 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.