Kosmos Energy (NYSE:KOS) Director John Douglas Kelso Grant Sells 43,466 Shares

Kosmos Energy Ltd. (NYSE:KOS) Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director directly owned 82,311 shares in the company, valued at $224,709.03. This represents a 34.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Stock Up 2.2%

NYSE KOS traded up $0.06 on Friday, hitting $2.80. The stock had a trading volume of 12,225,828 shares, compared to its average volume of 22,864,020. The business’s fifty day moving average price is $2.86 and its 200 day moving average price is $1.94. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -1.67, a price-to-earnings-growth ratio of 0.40 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KOS shares. Mizuho reissued an “underperform” rating and set a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday. The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a report on Thursday, April 9th. Weiss Ratings lowered shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Finally, Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kosmos Energy has a consensus rating of “Reduce” and an average target price of $2.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KOS. AQR Capital Management LLC raised its position in shares of Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock worth $884,000 after acquiring an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 12,045 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kosmos Energy by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after acquiring an additional 443,384 shares during the period. Strs Ohio acquired a new position in shares of Kosmos Energy in the first quarter worth about $120,000. Finally, Rhumbline Advisers raised its position in shares of Kosmos Energy by 7.9% in the second quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock worth $1,237,000 after acquiring an additional 52,750 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high?impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.