Kosmos Energy (NYSE:KOS) Trading Down 4.5% - Time to Sell?

Key Points

• Kosmos Energy's stock price dropped by 4.5%, trading at $1.79, with a significant decline in trading volume of 92% compared to its average.
• Research analysts have issued mixed ratings, with Weiss Ratings maintaining a "sell (d)" rating and Goldman Sachs lowering its price target from $3.00 to $2.00.
• The company reported a loss of ($0.19) EPS for the last quarter, missing estimates, and showing a negative net margin of 10.74%.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price was down 4.5% during mid-day trading on Tuesday . The stock traded as low as $1.81 and last traded at $1.79. Approximately 831,119 shares traded hands during trading, a decline of 92% from the average daily volume of 9,989,390 shares. The stock had previously closed at $1.87.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KOS shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kosmos Energy in a research report on Saturday, September 27th. The Goldman Sachs Group reissued a "neutral" rating and issued a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. Finally, Mizuho lowered their price objective on Kosmos Energy from $3.00 to $2.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.12.

Kosmos Energy Price Performance

The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The company has a market cap of $853.68 million, a P/E ratio of -5.41 and a beta of 1.43. The business's fifty day moving average is $1.78 and its 200 day moving average is $1.86.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to analysts' expectations of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. As a group, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC grew its position in shares of Kosmos Energy by 88.2% during the 3rd quarter. Sanders Morris Harris LLC now owns 64,000 shares of the oil and gas producer's stock valued at $106,000 after purchasing an additional 30,000 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer's stock valued at $99,000 after buying an additional 9,159 shares during the period. Squarepoint Ops LLC boosted its position in Kosmos Energy by 333.0% during the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer's stock valued at $5,540,000 after buying an additional 2,477,102 shares during the period. Caxton Associates LLP boosted its position in Kosmos Energy by 16.9% during the second quarter. Caxton Associates LLP now owns 948,065 shares of the oil and gas producer's stock valued at $1,631,000 after buying an additional 137,179 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Kosmos Energy by 145.4% during the second quarter. Tower Research Capital LLC TRC now owns 50,623 shares of the oil and gas producer's stock valued at $87,000 after buying an additional 29,991 shares during the period. 95.33% of the stock is currently 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.

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