Kosmos Energy (NYSE:KOS) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Kosmos Energy from “sell” to “hold”, adding to a mixed analyst picture that includes both bullish and bearish calls. Overall, MarketBeat data shows an average rating of “Reduce” with a $2.22 target price.
• Kosmos Energy shares fell 4.5% to $2.76, and the company reported a Q1 earnings miss with EPS of -$0.07 versus expectations of $0.08 and revenue of $370.73 million versus $405.21 million forecast.
• Insiders bought shares in March, including major purchases by Director Adebayo O. Ogunlesi and CFO Nealesh D. Shah, while institutional investors remain heavily involved with 95.33% of shares owned by hedge funds and other institutions.

Kosmos Energy (NYSE:KOS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

KOS has been the topic of several other reports. Johnson Rice upgraded shares of Kosmos Energy from an "accumulate" rating to a "buy" rating and set a $4.25 price objective on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a "neutral" rating to a "sell" rating and set a $2.25 price objective on the stock. in a research report on Thursday, April 9th. Finally, Weiss Ratings cut shares of Kosmos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $2.22.

Kosmos Energy Stock Down 4.5%

Shares of KOS stock opened at $2.76 on Friday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -1.64, a PEG ratio of 0.43 and a beta of 0.72. Kosmos Energy has a one year low of $0.84 and a one year high of $3.32. The company's fifty day moving average price is $2.67 and its 200-day moving average price is $1.78. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.45.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $370.73 million for the quarter, compared to the consensus estimate of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. Sell-side analysts expect that Kosmos Energy will post 0.24 EPS for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $1.90 per share, with a total value of $6,000,000.50. Following the completion of the purchase, the director owned 4,974,184 shares of the company's stock, valued at approximately $9,450,949.60. The trade was a 173.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nealesh D. Shah bought 157,894 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, with a total value of $299,998.60. Following the completion of the purchase, the chief financial officer directly owned 1,863,061 shares of the company's stock, valued at $3,539,815.90. This represents a 9.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 3,684,210 shares of company stock valued at $6,999,999. Insiders own 1.99% of the company's stock.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in shares of Kosmos Energy by 93.9% in the 4th quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer's stock worth $26,000 after buying an additional 13,854 shares in the last quarter. Old Port Advisors purchased a new position in shares of Kosmos Energy in the 4th quarter worth $27,000. Cibc World Markets Corp purchased a new position in shares of Kosmos Energy in the 4th quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in shares of Kosmos Energy in the 1st quarter worth $31,000. Finally, Abel Hall LLC purchased a new position in shares of Kosmos Energy in the 1st quarter worth $36,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company's portfolio is anchored by assets in West Africa and the Gulf of Mexico.

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