Kosmos Energy (NYSE:KOS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Kosmos Energy from “buy” to “strong-buy,” but the broader analyst consensus remains “Reduce,” with two Buy, three Hold, and four Sell ratings and an average price target of $2.53.
• Kosmos Energy exceeded quarterly expectations, reporting $0.11 in EPS versus $0.09 expected and revenue of $607.25 million versus the $483.23 million consensus estimate. However, the company still posted a negative net margin of 33.98% and negative return on equity.
• The stock opened at $2.79 and has traded between $0.84 and $3.34 over the past year. Insiders sold $346,475 worth of shares in the latest quarter, while institutional investors own a substantial 95.33% stake.

Kosmos Energy (NYSE:KOS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Royal Bank Of Canada lowered Kosmos Energy to a "neutral" rating in a research report on Wednesday, May 27th. Mizuho upgraded Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st. Finally, Stephens dropped their price target on Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Kosmos Energy presently has a consensus rating of "Reduce" and an average target price of $2.53.

Kosmos Energy Price Performance

KOS opened at $2.79 on Friday. The company has a market capitalization of $1.66 billion, a P/E ratio of -2.34, a PEG ratio of 0.21 and a beta of 0.73. The company has a 50-day moving average of $2.51 and a 200-day moving average of $2.61. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.34.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $607.25 million for the quarter, compared to analysts' expectations of $483.23 million. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. Equities analysts expect that Kosmos Energy will post 0.45 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In other news, SVP Josh R. Marion sold 24,969 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $51,186.45. Following the completion of the transaction, the senior vice president directly owned 233,404 shares of the company's stock, valued at approximately $478,478.20. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $94,259.00. Following the sale, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. The trade was a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 169,012 shares of company stock valued at $346,475 in the last quarter. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd lifted its stake in Kosmos Energy by 12.2% in the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer's stock valued at $82,000 after buying an additional 4,215 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Kosmos Energy by 10.2% during the first quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer's stock worth $130,000 after acquiring an additional 4,361 shares during the last quarter. GTS Securities LLC grew its position in shares of Kosmos Energy by 23.8% during the second quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer's stock worth $60,000 after acquiring an additional 5,499 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Kosmos Energy by 7.8% during the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer's stock worth $197,000 after acquiring an additional 6,757 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Kosmos Energy by 41.0% in the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer's stock worth $41,000 after acquiring an additional 7,169 shares during the period. 95.33% of the stock is currently owned by institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company's portfolio is anchored by assets in West Africa and the Gulf of Mexico.

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