Kosmos Energy (NYSE:KOS) Shares Gap Down – Here’s What Happened

Kosmos Energy Ltd. (NYSE:KOS) shares gapped down before the market opened on Friday . The stock had previously closed at $1.80, but opened at $1.62. Kosmos Energy shares last traded at $1.53, with a volume of 2,528,630 shares.

Analyst Ratings Changes

Several analysts have recently commented on KOS shares. Mizuho lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kosmos Energy has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Price Performance

The company has a 50 day moving average of $2.66 and a 200 day moving average of $3.40. The stock has a market capitalization of $714.47 million, a price-to-earnings ratio of 3.40, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94. 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 (NYSE:KOS) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $387.60 million. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction on 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 directly owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the sale, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % 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 over the last quarter. Company insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Kosmos Energy by 22.1% in the 4th 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 acquiring an additional 5,906,210 shares during the period. American Century Companies Inc. increased its stake in Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after buying an additional 2,997,438 shares during the period. William Blair Investment Management LLC lifted its holdings in Kosmos Energy by 28.1% in the 4th 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 buying an additional 4,114,499 shares in the last quarter. Patient Capital Management LLC boosted its position in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after buying an additional 7,707,707 shares during the last quarter. Finally, Equinox Partners Investment Management LLC grew its stake in shares of 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 valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.