Kosmos Energy Ltd. (NYSE:KOS) Receives Average Rating of “Hold” from Analysts

Shares of Kosmos Energy Ltd. (NYSE:KOS) have been given a consensus rating of “Hold” by the five research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.52.

A number of equities analysts recently issued reports on the stock. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Mizuho reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Insiders Place Their Bets

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ronald W. Glass sold 10,354 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the transaction, the chief accounting officer now owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 over the last three months. 2.02% of the stock is currently owned by company insiders.

Institutional Trading of Kosmos Energy

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its stake in Kosmos Energy by 215.1% during the fourth quarter. Mackenzie Financial Corp now owns 451,780 shares of the oil and gas producer’s stock valued at $1,545,000 after buying an additional 308,409 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Kosmos Energy during the 4th quarter worth approximately $490,000. GTS Securities LLC boosted its position in shares of Kosmos Energy by 548.4% during the 4th quarter. GTS Securities LLC now owns 151,432 shares of the oil and gas producer’s stock valued at $518,000 after acquiring an additional 128,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kosmos Energy by 23.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer’s stock valued at $7,174,000 after purchasing an additional 395,283 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Kosmos Energy in the fourth quarter worth $109,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

KOS stock opened at $2.35 on Thursday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. Kosmos Energy has a 1 year low of $2.07 and a 1 year high of $6.58. The company has a market cap of $1.12 billion, a P/E ratio of 5.33, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The stock’s fifty day moving average price is $2.87 and its 200-day moving average price is $3.49.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $397.66 million during the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. On average, equities analysts forecast that Kosmos Energy will post 0.42 earnings per share for the current year.

Kosmos Energy Company Profile

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.