Kosmos Energy (NYSE:KOS) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Kosmos Energy (NYSE:KOS – Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms also recently commented on KOS. Stephens reduced their price target on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Finally, Mizuho raised shares of Kosmos Energy to a “strong sell” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $2.53.

View Our Latest Stock Analysis on KOS

Kosmos Energy Price Performance

KOS opened at $2.64 on Friday. The business has a fifty day moving average of $2.67 and a 200 day moving average of $2.67. Kosmos Energy has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The stock has a market cap of $1.57 billion, a P/E ratio of -2.22, a PEG ratio of 0.18 and a beta of 0.73.

Kosmos Energy (NYSE:KOS – Get Free Report) last released its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. As a group, sell-side analysts anticipate that Kosmos Energy will post 0.51 EPS for the current year.

Insider Transactions at Kosmos Energy

In other news, CEO Andrew Inglis sold 85,935 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $176,166.75. Following the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at approximately $9,589,988.15. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh Shah sold 45,980 shares of Kosmos Energy stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $94,259.00. Following the completion of the sale, the chief financial officer owned 1,935,410 shares of the company’s stock, valued at $3,967,590.50. The trade was a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 169,012 shares of company stock valued at $346,475. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kosmos Energy

Several large investors have recently modified their holdings of KOS. Swiss Life Asset Management Ltd lifted its stake in shares of Kosmos Energy by 12.2% during the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock worth $82,000 after buying an additional 4,215 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Kosmos Energy by 10.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock valued at $130,000 after acquiring an additional 4,361 shares during the period. GTS Securities LLC raised its stake in Kosmos Energy by 23.8% in the 2nd quarter. GTS Securities LLC now owns 28,584 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 5,499 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Kosmos Energy by 7.8% in the 2nd quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock worth $197,000 after acquiring an additional 6,757 shares during the last quarter. Finally, SmartHarvest Portfolios LLC lifted its position in Kosmos Energy by 73.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock worth $66,000 after acquiring an additional 10,050 shares during the period. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company Profile

(Get Free Report)

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. The company focuses on finding, developing and producing oil and natural gas resources, with an emphasis on offshore assets in emerging and established energy regions.

Kosmos has historically concentrated its operations along the Atlantic margins of West Africa, including interests in Ghana, Equatorial Guinea and the waters offshore Mauritania and Senegal. Its activities have included exploration, field development and production of crude oil and natural gas, as well as participation in projects designed to supply natural gas for liquefied natural gas (LNG) production and domestic markets.

Founded in 2003, Kosmos was involved in the discovery and development of major petroleum resources offshore Ghana, including the Jubilee and TEN fields.

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