Kosmos Energy (NYSE:KOS) Stock Price Down 6.2% - Here's What Happened

Shares of Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) dropped 6.2% during mid-day trading on Monday . The company traded as low as $2.06 and last traded at $2.04. Approximately 8,637,171 shares changed hands during trading, a decline of 5% from the average daily volume of 9,123,258 shares. The stock had previously closed at $2.17.

Analysts Set New Price Targets

KOS has been the subject of a number of research reports. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. 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. 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. Finally, Benchmark restated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. One investment 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's stock. According to data from MarketBeat, Kosmos Energy currently has a consensus rating of "Hold" and an average price target of $4.93.

Kosmos Energy Price Performance

The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a market capitalization of $886.71 million, a price-to-earnings ratio of -61.81 and a beta of 1.44. The company has a 50-day moving average of $1.82 and a 200-day moving average of $2.48.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) 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 analyst estimates of $338.23 million. Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. As a group, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,921 shares of the company's stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.99% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of 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 valued at $111,586,000 after buying an additional 5,906,210 shares during the period. American Century Companies Inc. grew its stake in shares of 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 during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of 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 during the period. William Blair Investment Management LLC grew its stake in shares of 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 valued at $64,104,000 after buying an additional 4,114,499 shares during the period. Finally, Patient Capital Management LLC grew its stake in shares of 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 valued at $58,645,000 after buying an additional 7,707,707 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.