The Goldman Sachs Group Cuts Kosmos Energy (NYSE:KOS) Price Target to $4.00

Kosmos Energy (NYSE:KOS) had its target price reduced by The Goldman Sachs Group from $5.00 to $4.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other equities analysts have also commented on KOS. Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Mizuho decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Trading Down 4.1 %

Kosmos Energy stock opened at $2.22 on Thursday. Kosmos Energy has a 1 year low of $2.07 and a 1 year high of $6.58. The firm’s 50-day moving average is $2.81 and its 200-day moving average is $3.47. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market cap of $1.06 billion, a P/E ratio of 5.03, a PEG ratio of 5.24 and a beta of 2.31.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to the consensus estimate 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 expect that Kosmos Energy will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other Kosmos Energy news, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $177,799.44. Following the completion of the sale, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the transaction, the chief accounting officer now owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 over the last quarter. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of Kosmos Energy

Several large investors have recently added to or reduced their stakes in KOS. Encompass Capital Advisors LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth approximately $35,723,000. Patient Capital Management LLC grew its position in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after purchasing an additional 7,707,707 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Kosmos Energy by 22.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after acquiring an additional 5,906,210 shares during the period. William Blair Investment Management LLC raised its holdings in Kosmos Energy by 28.1% in 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 acquiring an additional 4,114,499 shares in the last quarter. Finally, Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.