Kosmos Energy (NYSE:KOS) Sets New 52-Week Low – What’s Next?

Kosmos Energy Ltd. (NYSE:KOS)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.62 and last traded at $2.65, with a volume of 15940020 shares changing hands. The stock had previously closed at $2.88.

Analyst Ratings Changes

Several brokerages recently commented on KOS. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Mizuho decreased their target price 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. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. Sanford C. Bernstein cut their price target 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, Benchmark lowered their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.52.

Kosmos Energy Price Performance

The company’s 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.85. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company has a market capitalization of $1.25 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last issued 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 return on equity of 31.08% and a net margin of 12.21%. The company had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 56,987 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the sale, the chief financial officer now owns 1,711,580 shares in the company, valued at $5,340,129.60. The trade was a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of the stock in a transaction that occurred on 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 owns 320,231 shares in the company, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 in the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC acquired a new position in Kosmos Energy in the 4th quarter valued at $35,723,000. Patient Capital Management LLC increased its position in shares of Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after purchasing an additional 7,707,707 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares in the last quarter. William Blair Investment Management LLC lifted its position 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 during the period. Finally, Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after buying an additional 3,218,394 shares in the last quarter. 95.33% of the stock is currently owned by 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.