Kosmos Energy (NYSE:KOS) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Several other equities analysts also recently issued reports on KOS. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark decreased their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.52.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $2.65 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a fifty day moving average price of $3.34 and a 200 day moving average price of $3.85. The company has a market cap of $1.25 billion, a P/E ratio of 6.01, a PEG ratio of 5.24 and a beta of 2.41. Kosmos Energy has a 12 month low of $2.62 and a 12 month high of $6.58.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Sell-side analysts predict that Kosmos Energy will post 0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $432,709.68. Following the completion of the transaction, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Ronald W. Glass sold 16,182 shares of the 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 transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,970 shares of company stock valued at $1,572,386. Insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC raised its holdings 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 worth $111,586,000 after purchasing an additional 5,906,210 shares in the last quarter. American Century Companies Inc. raised its holdings in Kosmos Energy by 11.3% during the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after purchasing an additional 2,997,438 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 7.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after purchasing an additional 1,933,216 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after purchasing an additional 1,588,990 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after purchasing an additional 4,114,499 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.