Kosmos Energy (NYSE:KOS) Shares Down 14.7% - Time to Sell?

Key Points

• Kosmos Energy shares fell 14.7% in mid-day trading, dropping from a previous close of $2.59 to $2.21.
• The company reported quarterly EPS of $0.06, below the $0.13 analyst consensus, while revenue of $410.1 million also missed estimates of $466.1 million.
• Analyst sentiment is cautious: MarketBeat reports a consensus “Reduce” rating and a consensus price target of $2.37, with four Hold and four Sell ratings among the analysts cited.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) shares traded down 14.7% during mid-day trading on Wednesday. The stock traded as low as $2.21 and last traded at $2.21. 15,126,893 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 18,374,898 shares. The stock had previously closed at $2.59.

Analyst Ratings Changes

KOS has been the topic of a number of recent analyst reports. Stephens decreased their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Jefferies Financial Group downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating and boosted their price target for the company from $2.75 to $2.90 in a research note on Wednesday, October 28th. Wall Street Zen lowered shares of Kosmos Energy from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kosmos Energy in a research report on Friday. Finally, Mizuho upgraded shares of Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $2.37.

Kosmos Energy Stock Down 14.3%

The company has a market capitalization of $1.32 billion, a PE ratio of -2.22, a PEG ratio of 0.14 and a beta of 0.78. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. The business has a fifty day moving average of $2.75 and a 200 day moving average of $2.51.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). The business had revenue of $410.06 million during the quarter, compared to analyst estimates of $466.11 million. Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.73%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOS. M&G PLC increased its holdings in Kosmos Energy by 18.6% in the third quarter. M&G PLC now owns 8,791,292 shares of the oil and gas producer's stock valued at $22,330,000 after buying an additional 1,381,605 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Kosmos Energy during the 3rd quarter worth about $28,000. WESPAC Advisors LLC purchased a new stake in Kosmos Energy during the 3rd quarter worth about $907,000. Verdence Capital Advisors LLC boosted its position in shares of Kosmos Energy by 15.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 397,775 shares of the oil and gas producer's stock worth $1,010,000 after acquiring an additional 53,496 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Kosmos Energy by 52.2% during the 3rd quarter. Inspire Investing LLC now owns 496,529 shares of the oil and gas producer's stock worth $1,261,000 after acquiring an additional 170,398 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Company Profile

Kosmos Energy Ltd. NYSE: KOS is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company focuses primarily on offshore assets and seeks to develop resources in partnership with national oil companies, international energy companies and other industry participants.

Kosmos has historically operated across several regions, including offshore Ghana, Equatorial Guinea, Mauritania and Senegal, as well as the U.S. Gulf of Mexico.

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