Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Kosmos Energy has a consensus analyst rating of Reduce from nine analysts (3 sell, 4 hold, 2 buy), with an average 12‑month price target of about $2.22.
• Insiders have been buying: CFO Nealesh D. Shah purchased 157,894 shares and director J. Michael Stice bought 52,631 shares at about $1.90 each, and insiders acquired 3,684,210 shares (~$7.0M) versus selling 272,844 shares in the last three months, leaving insiders with 1.99% ownership.
• Kosmos reported Q4 EPS of -$0.16 with a negative net margin (54.18%) and negative ROE, and the company shows high leverage (debt‑to‑equity 5.53) with a market cap of ~$1.49B and a 1‑year stock range of $0.84–$3.17.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) has earned a consensus rating of "Reduce" from the nine analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.2214.

A number of research firms have recently weighed in on KOS. Wall Street Zen downgraded shares of Kosmos Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Johnson Rice upgraded shares of Kosmos Energy from an "accumulate" rating to a "buy" rating and set a $4.25 price target on the stock in a report on Wednesday, March 25th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a "neutral" rating to a "sell" rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Finally, Sanford C. Bernstein cut their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a "market perform" rating on the stock in a report on Monday, January 5th.

Insiders Place Their Bets

In other news, CFO Nealesh D. Shah acquired 157,894 shares of Kosmos Energy stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $1.90 per share, for a total transaction of $299,998.60. Following the completion of the purchase, the chief financial officer owned 1,863,061 shares of the company's stock, valued at $3,539,815.90. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Michael Stice acquired 52,631 shares of Kosmos Energy stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $1.90 per share, with a total value of $99,998.90. Following the completion of the purchase, the director directly owned 207,620 shares of the company's stock, valued at $394,478. The trade was a 33.96% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 3,684,210 shares of company stock valued at $6,999,999 and sold 272,844 shares valued at $377,592. Corporate insiders own 1.99% of the company's stock.

Institutional Trading of Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in shares of Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer's stock worth $26,000 after buying an additional 13,854 shares during the last quarter. Old Port Advisors acquired a new position in Kosmos Energy during the 4th quarter valued at $27,000. Cibc World Markets Corp acquired a new position in Kosmos Energy during the 4th quarter valued at $28,000. Kestra Advisory Services LLC bought a new stake in Kosmos Energy in the 1st quarter valued at $31,000. Finally, Abel Hall LLC bought a new stake in Kosmos Energy in the 1st quarter valued at $36,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Up 1.0%

Kosmos Energy stock opened at $3.09 on Friday. The company has a market capitalization of $1.49 billion, a P/E ratio of -2.12, a P/E/G ratio of 0.46 and a beta of 0.65. The firm's fifty day simple moving average is $2.62 and its 200-day simple moving average is $1.75. The company has a current ratio of 0.75, a quick ratio of 0.45 and a debt-to-equity ratio of 5.53. Kosmos Energy has a 1-year low of $0.84 and a 1-year high of $3.17.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share for the quarter. The business had revenue of $294.62 million for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. Sell-side analysts forecast that Kosmos Energy will post 0.24 earnings per share for the current fiscal year.

Kosmos Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.