Kosmos Energy (KOS) Reaches New 1-Year Low at $4.92

Kosmos Energy Ltd (NYSE:KOS)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.92 and last traded at $5.13, with a volume of 4363656 shares changing hands. The stock had previously closed at $5.24.

KOS has been the topic of several recent research reports. Barclays set a $11.00 price target on Kosmos Energy and gave the company a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group initiated coverage on Kosmos Energy in a report on Tuesday, October 2nd. They issued a “neutral” rating on the stock. Societe Generale set a $10.00 price target on Kosmos Energy and gave the company a “buy” rating in a report on Monday, November 5th. Finally, ValuEngine cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $10.02.

The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $2.27 billion, a PE ratio of -15.67 and a beta of 1.90.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, November 5th. The oil and gas producer reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09). Kosmos Energy had a negative return on equity of 21.93% and a negative net margin of 51.49%. The company had revenue of $250.20 million for the quarter, compared to the consensus estimate of $239.20 million. During the same quarter last year, the business posted ($0.09) EPS. Kosmos Energy’s quarterly revenue was up 65.5% on a year-over-year basis. As a group, equities analysts forecast that Kosmos Energy Ltd will post -0.38 earnings per share for the current fiscal year.

In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Benjamin Krieger sold 52,250,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $5.40, for a total value of $282,150,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,230,000 shares of company stock worth $362,431,200. Company insiders own 3.76% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOS. FMR LLC raised its position in shares of Kosmos Energy by 2,638.8% during the third quarter. FMR LLC now owns 23,460,244 shares of the oil and gas producer’s stock worth $219,354,000 after purchasing an additional 22,603,644 shares during the period. Capital World Investors acquired a new stake in shares of Kosmos Energy during the third quarter worth about $208,942,000. First Trust Advisors LP raised its position in shares of Kosmos Energy by 1,464.4% during the third quarter. First Trust Advisors LP now owns 2,844,048 shares of the oil and gas producer’s stock worth $26,592,000 after purchasing an additional 2,662,255 shares during the period. FIL Ltd raised its position in shares of Kosmos Energy by 340.3% during the third quarter. FIL Ltd now owns 2,861,682 shares of the oil and gas producer’s stock worth $27,415,000 after purchasing an additional 2,211,682 shares during the period. Finally, Artemis Investment Management LLP raised its position in shares of Kosmos Energy by 138.7% during the third quarter. Artemis Investment Management LLP now owns 1,868,773 shares of the oil and gas producer’s stock worth $15,857,000 after purchasing an additional 1,085,969 shares during the period. 92.86% of the stock is currently owned by institutional investors.

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About Kosmos Energy (NYSE:KOS)

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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