Kosmos Energy (NYSE:KOS) Shares Down 4.2% - Here's What Happened

Key Points

• Kosmos Energy's shares fell by 4.2% to close at $1.72, amidst a significant drop in trading volume compared to its average.
• Goldman Sachs downgraded its price target for Kosmos Energy from $3.00 to $2.00, while Mizuho also set a price target of $2.00 with a "neutral" rating.
• The company reported a net loss of ($0.19) earnings per share, falling short of analysts' expectations, and had a total revenue of $393.52 million for the quarter.

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) fell 4.2% during trading on Monday . The stock traded as low as $1.69 and last traded at $1.72. 2,036,786 shares traded hands during trading, a decline of 80% from the average session volume of 10,009,397 shares. The stock had previously closed at $1.79.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KOS. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $2.00 price target (down previously from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Mizuho dropped their price objective on shares of Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Finally, Benchmark reissued a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.12.

Kosmos Energy Stock Down 5.3%

The firm has a market capitalization of $810.63 million, a PE ratio of -5.14 and a beta of 1.57. The firm's 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.88. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million during the quarter, compared to analysts' expectations of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KOS. American Century Companies Inc. raised its holdings in shares of Kosmos Energy by 14.3% during the second quarter. American Century Companies Inc. now owns 33,411,046 shares of the oil and gas producer's stock worth $57,467,000 after purchasing an additional 4,175,537 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Kosmos Energy by 9.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer's stock worth $58,202,000 after purchasing an additional 2,110,306 shares during the period. Patient Capital Management LLC raised its holdings in shares of Kosmos Energy by 7.4% during the second quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer's stock worth $33,264,000 after purchasing an additional 1,334,930 shares during the period. Equinox Partners Investment Management LLC raised its holdings in shares of Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer's stock worth $32,115,000 after purchasing an additional 5,485,000 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Kosmos Energy by 3.9% during the second quarter. Geode Capital Management LLC now owns 11,263,585 shares of the oil and gas producer's stock worth $19,376,000 after purchasing an additional 424,720 shares during the period. 95.33% of the stock is currently owned by institutional investors.

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.

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