Kosmos Energy (NYSE:KOS) Shares Gap Down - Here's What Happened

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $2.00, but opened at $1.92. Kosmos Energy shares last traded at $1.96, with a volume of 2,255,223 shares.

Analysts Set New Price Targets

KOS has been the subject of several research analyst reports. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Mizuho dropped 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 report on Tuesday, May 13th. Finally, The Goldman Sachs Group reduced their price target 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of "Hold" and an average target price of $4.93.

Kosmos Energy Stock Down 3.8%

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 company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $2.50. The company has a market cap of $920.17 million, a P/E ratio of -64.15 and a beta of 1.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). The company 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%. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling

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 directly owns 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Kosmos Energy by 103.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock valued at $4,352,000 after purchasing an additional 647,921 shares during the period. American Century Companies Inc. raised its position in Kosmos Energy by 11.3% during 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 buying an additional 2,997,438 shares during the last quarter. Barclays PLC lifted its stake in Kosmos Energy by 85.0% during the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock valued at $19,190,000 after acquiring an additional 2,578,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kosmos Energy by 23.2% in 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 during the last quarter. Finally, Equinox Partners Investment Management LLC increased its stake in shares of Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock worth $39,063,000 after acquiring an additional 3,218,394 shares during the period. 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.

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