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

Kosmos Energy Ltd. (NYSE:KOS) has been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $5.52.

KOS has been the subject of a number of recent analyst reports. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Sanford C. Bernstein decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark dropped their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In other Kosmos Energy news, CEO Andrew G. Inglis sold 102,701 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $320,427.12. Following the completion of the sale, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the sale, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,014 shares of company stock worth $599,084 over the last ninety days. 2.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Kosmos Energy in the third quarter worth about $28,000. Sapient Capital LLC purchased a new stake in Kosmos Energy during the 4th quarter worth approximately $37,000. Signaturefd LLC raised its position in shares of Kosmos Energy by 39,777.8% in the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after purchasing an additional 10,740 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at approximately $43,000. Finally, InTrack Investment Management Inc purchased a new position in shares of Kosmos Energy during the 3rd quarter valued at approximately $44,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 0.7 %

Shares of NYSE KOS opened at $3.10 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy has a 1 year low of $2.62 and a 1 year high of $6.58. The firm’s 50 day moving average price is $3.46 and its 200 day moving average price is $4.06.

About Kosmos Energy

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.