Kosmos Energy (NYSE:KOS) Stock Price Down 4.8% - What's Next?

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price traded down 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 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

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

Kosmos Energy Stock Performance

The business has a 50 day moving average of $1.91 and a 200 day moving average of $2.37. The company has a market capitalization of $978.96 million, a P/E ratio of -68.24 and a beta of 1.44. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 29,921 shares of the company's stock, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.99% of the company's stock.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Foster Group Inc. purchased a new position in shares of Kosmos Energy in the 2nd quarter worth approximately $26,000. Verum Partners LLC purchased a new position in shares of Kosmos Energy in the 2nd quarter worth approximately $29,000. Vident Advisory LLC purchased a new position in shares of Kosmos Energy in the 1st quarter worth approximately $30,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Kosmos Energy in the 2nd quarter worth approximately $30,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of Kosmos Energy in the 4th quarter worth approximately $34,000. Hedge funds and other 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.