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

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $2.13, but opened at $2.06. Kosmos Energy shares last traded at $2.06, with a volume of 458,780 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KOS. The Goldman Sachs Group lowered their price target 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 Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho reduced their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have given 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 an average price target of $4.93.

Kosmos Energy Stock Up 7.9%

The company's fifty day simple moving average is $1.76 and its 200 day simple moving average is $2.57. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.13, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last released 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). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The company had revenue of $290.43 million during the quarter, compared to the consensus estimate of $338.23 million. Research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Transactions at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director now owns 29,921 shares in the company, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.99% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Kosmos Energy by 22.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock valued at $111,586,000 after purchasing an additional 5,906,210 shares in the last quarter. American Century Companies Inc. increased 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 valued at $101,083,000 after buying an additional 2,997,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Kosmos Energy by 9.0% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer's stock valued at $58,202,000 after buying an additional 2,110,306 shares in the last quarter. William Blair Investment Management LLC raised its stake in Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock valued at $64,104,000 after buying an additional 4,114,499 shares during the last quarter. Finally, Patient Capital Management LLC boosted its holdings in Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock worth $58,645,000 after acquiring an additional 7,707,707 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.