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

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

Analyst Upgrades and Downgrades

KOS has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective 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. Mizuho decreased their price objective 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. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Finally, Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $4.93.

Kosmos Energy Price Performance

The stock has a 50 day moving average of $1.80 and a two-hundred day moving average of $2.51. 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 cap of $956.02 million, a PE ratio of -66.64 and a beta of 1.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued 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 business had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. Equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director now directly owns 29,921 shares in the company, valued at $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings 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 worth $111,586,000 after buying an additional 5,906,210 shares during the last quarter. American Century Companies Inc. raised its stake 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 purchasing an additional 2,997,438 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Kosmos Energy by 9.0% in 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 purchasing an additional 2,110,306 shares during the period. William Blair Investment Management LLC grew its position in Kosmos Energy by 28.1% in 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 purchasing an additional 4,114,499 shares during the last quarter. Finally, Patient Capital Management LLC grew its position in Kosmos Energy by 81.6% in 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 purchasing an additional 7,707,707 shares during the last quarter. 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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