Kosmos Energy (NYSE:KOS) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Kosmos Energy Ltd. (NYSE:KOSGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.63, but opened at $2.37. Kosmos Energy shares last traded at $2.44, with a volume of 3,081,392 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KOS shares. Sanford C. Bernstein decreased their price target on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. The Goldman Sachs Group downgraded shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research note on Thursday, April 9th. Finally, Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.22.

Get Our Latest Stock Analysis on Kosmos Energy

Kosmos Energy Price Performance

The company has a debt-to-equity ratio of 5.53, a current ratio of 0.75 and a quick ratio of 0.45. The firm has a market cap of $1.18 billion, a P/E ratio of -1.68, a PEG ratio of 0.39 and a beta of 0.65. The stock’s 50-day simple moving average is $2.39 and its two-hundred day simple moving average is $1.67.

Kosmos Energy (NYSE:KOSGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas producer reported ($0.16) earnings per share for the quarter. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. The firm had revenue of $294.62 million for the quarter. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kosmos Energy news, CFO Nealesh D. Shah bought 157,894 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $1.90 per share, for a total transaction of $299,998.60. Following the acquisition, the chief financial officer directly owned 1,863,061 shares in the company, valued at approximately $3,539,815.90. The trade was a 9.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Adebayo O. Ogunlesi bought 3,157,895 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $1.90 per share, for a total transaction of $6,000,000.50. Following the completion of the acquisition, the director owned 4,974,184 shares in the company, valued at $9,450,949.60. This represents a 173.87% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 3,684,210 shares of company stock worth $6,999,999 and have sold 272,844 shares worth $377,592. 1.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. Goldman Sachs Group Inc. grew its holdings in Kosmos Energy by 175.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after acquiring an additional 4,308,275 shares in the last quarter. First Trust Advisors LP grew its holdings in Kosmos Energy by 66.9% during the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock worth $6,396,000 after acquiring an additional 2,825,517 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. M&G PLC grew its holdings in Kosmos Energy by 38.3% during the 3rd quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after acquiring an additional 2,210,302 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after acquiring an additional 1,962,936 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

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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