Kosmos Energy (NYSE:KOS) Trading Down 5.2% - Here's Why

Key Points

• Kosmos Energy's shares dropped 5.2% to $1.73, with trading volume significantly lower than average, indicating possible investor concerns.
• Analysts have mixed ratings on the stock, with Goldman Sachs and Mizuho lowering their price targets, while Kosmos Energy retains a consensus target price of $4.93.
• The company reported a loss of $0.19 per share in its last quarterly earnings, missing estimates, and its revenues also fell short of expectations at $393.52 million.

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) fell 5.2% during trading on Wednesday . The stock traded as low as $1.73 and last traded at $1.73. 1,633,129 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 10,070,563 shares. The stock had previously closed at $1.82.

Wall Street Analyst Weigh In

Several research firms have commented on KOS. The Goldman Sachs Group lowered their target price 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. Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Finally, Mizuho lowered their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Kosmos Energy has an average rating of "Moderate Buy" and an average price target of $4.93.

Kosmos Energy Stock Performance

The company has a market cap of $791.50 million, a price-to-earnings ratio of -5.01 and a beta of 1.57. The stock's fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.96. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted 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 business had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kosmos Energy by 11.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer's stock valued at $17,750,000 after acquiring an additional 815,582 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Kosmos Energy by 26.8% during the 1st quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer's stock valued at $12,129,000 after acquiring an additional 1,125,724 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kosmos Energy by 23.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after acquiring an additional 395,283 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Kosmos Energy by 78.2% during the 4th quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock valued at $9,116,000 after acquiring an additional 1,170,074 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Kosmos Energy during the 1st quarter valued at $3,749,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Kosmos Energy Company Profile

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.