Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $2.09, but opened at $2.25. Kosmos Energy shares last traded at $2.28, with a volume of 4,377,066 shares changing hands.
Analyst Ratings Changes
Several research firms have recently commented on KOS. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. The Goldman Sachs Group decreased their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kosmos Energy has a consensus rating of "Hold" and an average target price of $4.93.
Check Out Our Latest Analysis on Kosmos Energy
Kosmos Energy Stock Performance
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 company has a market cap of $1.08 billion, a PE ratio of 5.13, a P/E/G ratio of 5.24 and a beta of 1.44. The stock's 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $2.58.
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 analysts' consensus estimates of ($0.15) by ($0.07). The company had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, research analysts anticipate 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 firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now owns 29,921 shares of the company's stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.99% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Kosmos Energy
A number of hedge funds have recently made changes to their positions in KOS. Encompass Capital Advisors LLC purchased a new position in shares of Kosmos Energy in the 4th quarter valued at $35,723,000. Patient Capital Management LLC increased its stake in Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock worth $58,645,000 after buying an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock worth $111,586,000 after buying an additional 5,906,210 shares during the period. William Blair Investment Management LLC increased its stake in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock worth $64,104,000 after buying an additional 4,114,499 shares during the period. Finally, Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 39.2% during the 4th 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 buying 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
(
Get Free Report)
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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