Kosmos Energy (NYSE:KOS) Downgraded by Benchmark to “Hold”

Benchmark cut shares of Kosmos Energy (NYSE:KOS) from a buy rating to a hold rating in a research note released on Tuesday, Marketbeat reports.

Several other research firms have also recently commented on KOS. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Sanford C. Bernstein reduced their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Mizuho reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.52.

Kosmos Energy Trading Down 5.8 %

NYSE:KOS opened at $2.36 on Tuesday. The stock’s 50 day moving average price is $3.31 and its 200 day moving average price is $3.78. The company has a market capitalization of $1.13 billion, a PE ratio of 5.35, a P/E/G ratio of 5.24 and a beta of 2.41. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy has a 52-week low of $2.26 and a 52-week high of $6.58.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share 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 analysts’ expectations of $387.60 million. On average, research analysts anticipate that Kosmos Energy will post 0.42 EPS for the current year.

Insider Activity

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the transaction, the chief executive officer now owns 3,959,000 shares in the company, valued at $12,352,080. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ronald W. Glass sold 10,354 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $32,304.48. Following the transaction, the chief accounting officer now owns 299,498 shares in the company, valued at approximately $934,433.76. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 over the last quarter. Company insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its stake in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 3,932 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Kosmos Energy by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 4,381 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 4,640 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of Kosmos Energy by 42.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 4,921 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after acquiring an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.