Kosmos Energy (NYSE:KOS) Trading Down 4.6% - Here's Why

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) were down 4.6% on Monday . The company traded as low as $1.74 and last traded at $1.75. Approximately 4,455,166 shares traded hands during trading, a decline of 52% from the average daily volume of 9,237,653 shares. The stock had previously closed at $1.83.

Wall Street Analysts Forecast Growth

KOS has been the subject of a number of recent research reports. Mizuho lowered their target price on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wall Street Zen raised Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.93.

Kosmos Energy Trading Down 0.3%

The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The company has a market cap of $944.07 million, a price-to-earnings ratio of -65.81 and a beta of 1.44. The firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $2.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. The company had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director directly owned 29,921 shares of the company's stock, valued at $54,157.01. The trade was a 48.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.99% of the company's stock.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in shares of Kosmos Energy by 14.7% during the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer's stock worth $1,519,000 after buying an additional 85,431 shares during the period. Strs Ohio acquired a new stake in Kosmos Energy in the first quarter valued at approximately $120,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kosmos Energy by 21.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer's stock valued at $5,793,000 after acquiring an additional 443,384 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Kosmos Energy during the first quarter worth approximately $1,849,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kosmos Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer's stock worth $634,000 after purchasing an additional 12,045 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.