Kosmos Energy (NYSE:KOS) CEO Sells $176,166.75 in Stock

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew Inglis sold 85,935 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $176,166.75. Following the sale, the chief executive officer owned 4,678,043 shares of the company’s stock, valued at approximately $9,589,988.15. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kosmos Energy Price Performance

Shares of NYSE KOS traded up $0.01 during midday trading on Monday, hitting $2.08. The stock had a trading volume of 14,882,802 shares, compared to its average volume of 21,167,539. The company has a market capitalization of $1.23 billion, a PE ratio of -1.24, a P/E/G ratio of 0.24 and a beta of 0.71. The stock has a 50 day simple moving average of $2.75 and a 200-day simple moving average of $2.18. Kosmos Energy Ltd. has a 1 year low of $0.84 and a 1 year high of $3.34. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. On average, sell-side analysts expect that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, March 25th. Finally, Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.44.

Hedge Funds Weigh In On Kosmos Energy

Hedge funds have recently made changes to their positions in the company. Militia Capital Management LLC purchased a new stake in shares of Kosmos Energy in the 1st quarter valued at about $70,000. Parallel Advisors LLC lifted its stake in Kosmos Energy by 106.5% in the first quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock valued at $70,000 after buying an additional 13,031 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $31,000. Bank of America Corp DE grew its position in shares of Kosmos Energy by 14.2% during the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock worth $15,404,000 after acquiring an additional 689,800 shares during the last quarter. Finally, Amundi increased its holdings in shares of Kosmos Energy by 97.4% in the 1st quarter. Amundi now owns 154,931 shares of the oil and gas producer’s stock valued at $431,000 after acquiring an additional 76,442 shares during the period. Hedge funds and other institutional investors 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.