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

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho cut their price objective 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. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Benchmark restated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group cut their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $4.93.

Kosmos Energy Stock Down 2.3%

The company's 50 day moving average price is $1.75 and its two-hundred day moving average price is $2.60. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The stock has a market cap of $994.26 million, a P/E ratio of 4.73, a P/E/G ratio of 5.24 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 for the quarter, missing the consensus estimate 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 net margin of 12.21% and a return on equity of 31.08%. As a group, research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

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 directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.99% of the company's stock.

Institutional Trading of Kosmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC purchased a new stake in Kosmos Energy in the first quarter valued at $30,000. VSM Wealth Advisory LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at $34,000. Disciplined Investors L.L.C. purchased a new stake in Kosmos Energy in the fourth quarter valued at $36,000. Sapient Capital LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at $37,000. Finally, Boothbay Fund Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at $45,000. 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.