Kosmos Energy (NYSE:KOS) Shares Down 4.6% - Time to Sell?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares were down 4.6% during mid-day trading on Monday . The stock traded as low as $1.74 and last traded at $1.75. Approximately 4,455,166 shares changed 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.

Analysts Set New Price Targets

Several brokerages recently commented on KOS. The Goldman Sachs Group decreased their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Mizuho decreased their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.93.

Kosmos Energy Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.59. The business's 50 day moving average price is $1.82 and its two-hundred day moving average price is $2.45. The stock has a market cap of $826.96 million, a P/E ratio of -57.65 and a beta of 1.44.

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

Insiders Place Their Bets

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the sale, the director now owns 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company's stock.

Institutional Trading of Kosmos Energy

Hedge funds have recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock worth $111,586,000 after acquiring an additional 5,906,210 shares during the period. American Century Companies Inc. lifted its holdings in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after purchasing an additional 2,997,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Kosmos Energy by 9.0% in the 1st 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. William Blair Investment Management LLC boosted its stake in Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock worth $64,104,000 after purchasing an additional 4,114,499 shares during the period. Finally, Patient Capital Management LLC grew its holdings in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock valued at $58,645,000 after buying an additional 7,707,707 shares in the last quarter. Institutional investors own 95.33% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.