Kosmos Energy (NYSE:KOS) Stock Price Down 4.8% - Should You Sell?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares fell 4.8% during mid-day trading on Monday . The company traded as low as $2.08 and last traded at $2.07. 903,135 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 9,380,176 shares. The stock had previously closed at $2.17.

Wall Street Analyst Weigh In

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

Kosmos Energy Stock Down 3.7%

The business's 50-day moving average price is $1.89 and its 200-day moving average price is $2.38. 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 firm has a market capitalization of $944.07 million, a PE ratio of -65.81 and a beta of 1.44.

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

Insider Buying and Selling

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $34,000. Disciplined Investors L.L.C. bought a new position in Kosmos Energy during the fourth quarter worth $36,000. Boothbay Fund Management LLC bought a new position in Kosmos Energy during the fourth quarter worth $45,000. Vident Advisory LLC bought a new position in Kosmos Energy during the first quarter worth $30,000. Finally, Foster Group Inc. bought a new position in Kosmos Energy during the second quarter worth $26,000. 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.