Kosmos Energy Ltd. (NYSE:KOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kosmos Energy Ltd. (NYSE:KOS) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.27.

KOS has been the subject of several recent research reports. The Goldman Sachs Group reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

Kosmos Energy Stock Down 0.6 %

KOS stock opened at $1.71 on Monday. The firm’s fifty day moving average is $2.17 and its 200 day moving average is $3.10. The firm has a market cap of $817.22 million, a PE ratio of 3.89, a P/E/G ratio of 5.24 and a beta of 1.94. Kosmos Energy has a one year low of $1.39 and a one year high of $6.33. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $397.66 million during the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. On average, research analysts forecast that Kosmos Energy will post 0.42 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew G. Inglis sold 138,689 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares in the company, valued at approximately $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ronald W. Glass sold 10,354 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $32,304.48. Following the completion of the sale, the chief accounting officer now owns 299,498 shares in the company, valued at $934,433.76. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock worth $1,572,386 in the last ninety days. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KOS. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of 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 valued at $111,586,000 after acquiring an additional 5,906,210 shares during the period. American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 2,997,438 shares during the period. William Blair Investment Management LLC lifted its position in Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares during the period. Patient Capital Management LLC boosted its stake 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 valued at $58,645,000 after buying an additional 7,707,707 shares in the last quarter. Finally, Equinox Partners Investment Management LLC boosted its position in shares of Kosmos Energy by 39.2% during the 4th 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 purchasing an additional 3,218,394 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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.