Traders Purchase High Volume of Call Options on Kosmos Energy (NYSE:KOS)

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 11,067 call options on the company. This is an increase of 278% compared to the typical daily volume of 2,931 call options.

Insider Activity at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the transaction, the director owned 29,921 shares in the company, valued at $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Kosmos Energy

A number of institutional investors have recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Kosmos Energy by 22.1% in 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 acquiring an additional 5,906,210 shares during the period. American Century Companies Inc. lifted its holdings in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after purchasing an additional 2,997,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake 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 worth $58,202,000 after purchasing an additional 2,110,306 shares during the period. William Blair Investment Management LLC grew its holdings in 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 in the last quarter. Finally, Patient Capital Management LLC grew its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Stock Performance

Kosmos Energy stock traded up $0.04 during midday trading on Monday, hitting $2.02. The stock had a trading volume of 10,708,110 shares, compared to its average volume of 9,332,632. Kosmos Energy has a 52-week low of $1.39 and a 52-week high of $5.97. The company has a market capitalization of $963.19 million, a PE ratio of -67.14 and a beta of 1.44. The firm's fifty day moving average is $1.85 and its two-hundred day moving average is $2.41. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.59.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The firm had revenue of $290.43 million during the quarter, compared to analysts' expectations of $338.23 million. On average, research analysts forecast that Kosmos Energy will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Mizuho reduced their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Finally, Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.93.

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.