Kosmos Energy (NYSE:KOS) Director Roy Franklin Sells 43,466 Shares

by · The Cerbat Gem

Kosmos Energy Ltd. (NYSE:KOS – Get Free Report) Director Roy Franklin sold 43,466 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the sale, the director owned 150,722 shares in the company, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Up 2.2%

Kosmos Energy stock traded up $0.06 during mid-day trading on Friday, reaching $2.80. 12,225,828 shares of the company’s stock were exchanged, compared to its average volume of 22,864,020. The company has a market cap of $1.66 billion, a P/E ratio of -1.67, a P/E/G ratio of 0.40 and a beta of 0.72. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56. The company has a fifty day moving average of $2.86 and a 200-day moving average of $1.94.

Kosmos Energy (NYSE:KOS – Get Free Report) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million for the quarter, compared to analyst estimates of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. Sell-side analysts expect that Kosmos Energy Ltd. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at $31,000. Abel Hall LLC acquired a new stake in Kosmos Energy during the 1st quarter worth $36,000. KBC Group NV acquired a new stake in Kosmos Energy during the 1st quarter worth $44,000. Baer Investment Advisory LLC acquired a new stake in Kosmos Energy during the 1st quarter worth $53,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Kosmos Energy during the 1st quarter worth $60,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday. Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a report on Thursday, April 9th. 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 report on Wednesday, March 25th. Finally, Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kosmos Energy presently has a consensus rating of “Reduce” and a consensus price target of $2.44.

View Our Latest Research Report on KOS

Kosmos Energy Company Profile

(Get Free Report)

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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